Fairbourne Properties Secures $99.6 Million Acquisition Loan For Village Crossing In Skokie, IL
5507 West Touhy Avenue
$99,600,000
$137/SF
Building Size
724,400 SF
Asset Type
Retail
Closing
Sep 15, 2026
About this deal
AI
The property involved is a grocery-anchored shopping center located at 5507 West Touhy Avenue in Skokie, IL. The asset spans 724,400 square feet and was acquired through a loan amounting to $99,600,000 for the acquisition of Village Crossing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $99,600,000
- Address: 5507 West Touhy Avenue
- Market: Skokie, IL
- Landlord: David W. Harvey - Fairbourne Properties
- Brokers: Bill Stewart & William Barry - Draper & Kramer
- Loan Type: Acquisition
Draper and Kramer facilitated the acquisition loan, which also encompasses financing for tenant improvements and leasing commissions. The professionals involved in arranging the loan were Bill Barry and Bill Stewart.
On the Map
$99,600,000
$137/SF
Retail
View full map
Players
Skokie Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Bill Stewart to view all their deals.
Browse Skokie retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93