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Kirsten Bowersox & Michael Nortman Acquire Lincolnwood Town Center From KeyBank For $12.3M

Property Image
SOLD
$12,300,000

Illinois

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Retail
Sold 01/05/2026
the dealdetailscomps
Property Image
SOLD

Kirsten Bowersox & Michael Nortman Acquire Lincolnwood Town Center From KeyBank For $12.3M

3333 West Touhy Avenue

See Similar Deals
Retail
Sold 01/05/2026
the dealdetailscomps

Summary

ILLINOIS
Asset Type:Retail
Transaction Type:Sale

The Lincolnwood Town Center, a retail property located at 3333 West Touhy Avenue in Lincolnwood, comprises 31 acres. The asset was sold for $12,300,000 and is a 423,000-square-foot mall. Currently, it is 81% occupied, featuring anchor tenants such as Kohl’s and RoomPlace.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $12,300,000
  • Buyer: Kirsten Bowersox & Michael Nortman - XRoads Real Estate Advisors
  • Seller: KeyBank
  • Market: Lincolnwood
  • Asset Size: 423,000 square feet
  • Acreage: 31

XRoads Real Estate Advisors acquired the Lincolnwood Town Center in a transaction that removed the property from foreclosure after previous ownership by Washington Prime Group and KeyBank. The site is expected to undergo mixed-use redevelopment, potentially incorporating apartments, offices, and entertainment as part of a village-backed concept plan.

Players

KeyBank
KeyBank
SELLER

Details

SOLD
IMAGE: Michael Nortman & Kirsten Bowersox DATE: 01/05/2026 ADDRESS: 3333 West Touhy Avenue MARKET: Lincolnwood ASSET TYPE: Retail ~ ACRES: 31 BUYER: Kirsten Bowersox & Michael Nortman - XRoads Real Estate Advisors SELLER: KeyBank (@KeyBank) SALE PRICE: $12,300,000 NOTE: Xroads Real Estate Advisors bought Lincolnwood Town Center, a 423,000-SF mall in Lincolnwood, Ill., for $12.3 million, taking the property out of foreclosure after prior ownership by Washington Prime Group and KeyBank.The mall, 81% occupied and anchored by Kohl’s and RoomPlace, is slated for mixed-use redevelopment under a village-backed concept plan that envisions apartments, offices, and entertainment, marking a potential turnaround for the struggling suburban property.

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