• Wed. May 29th, 2024

Big Shopping Mall Near Chicago for Sale After $85 Million Loan Default

Bynewsmagzines

May 3, 2023
JLL has been hired to sell the Louis Joliet Mall in Joliet, Illinois, after the previous owner defaulted on a $85 million loan. (Melanie Shaw/CoStar)

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A huge shopping mall southwest of Chicago is for sale after its previous owner defaulted on an $85 million loan early in the COVID-19 pandemic, hitting the market at a time when malls throughout the country are being reshaped by adding uses such as apartments and medical offices.

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