John Sheputis #8212; Infomart Data Centers
ECD built the shopping mall in 2001 included in a bigger mixed-use development, however it fell on hard occasions within the publish-2008 property crash. Tenants vacated their stores and rental revenue plummeted before FirstCity Financial bought the resource for $10M 2 yrs ago inside a property foreclosure purchase.
Chris Crosby #8212; Compass Data Centers
The 4-building complex is 67% leased, moored by event space Viper Alley. Other tenants include Red Robin, T-Mobile, FedEx Office and N Bank. Another promising advantage for CityPark is its location inside a bigger mixed-use atmosphere. It#8217;s near a 21-screen Regal Cinema IMAX theater (the biggest in the region), a Hampton Inn and Suites, along with a 70k SF business building. ECD can also be creating a 302-unit multifamily project in CityPark, and received approval from Lincolnshire authorities to raze six from the Regal Cinema#8217;s screens to support it.
Traders seeking a value-add chance within the and surrounding suburbs should pencil in certain time between August. 22 and August. 24. This is when Ten-X and HFF are hosting an internet auction for CityPark at Lincolnshire, a shopping mall having a troubled recent past.
Take advantage of Morris #8212; Skybox Datacenters