David W. Harvey Of Fairbourne Properties Acquires Village Crossing Retail Center From William Huffman For $122M

Fairbourne Properties acquired a 700,000-square-foot retail shopping center located at 5507 West Touhy Avenue in Skokie, Illinois. The transaction was valued at $122 million, with a price per square foot of $174. The property is 95% leased and is anchored by Jewel-Osco, featuring tenants such as AMC Theatres, Barnes & Noble, Dick’s Sporting Goods, Ulta Beauty, and Best Buy, with Burlington and Marshalls set to open.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $122,000,000
• Square Footage: 700,000
• Address: 5507 West Touhy Avenue
• Market: Skokie, IL
• Buyer: David W. Harvey - Fairbourne Properties
• Seller: William Huffman - Nuveen
• Broker: CBRE

David W. Harvey from Fairbourne Properties represented the buyer in this transaction, while William Huffman from Nuveen represented the seller. The deal was facilitated by CBRE, which acted as the brokerage firm overseeing the transaction.