One of the nation’s largest mall owners has sold its stake in a property on Chicago’s Magnificent Mile shopping corridor for a small fraction of its last sale price, an especially jarring example of plunging retail values during the COVID-19 pandemic.
This Mall on Chicago’s Magnificent Mile Fetched $515 Million in 2008. A 50% Stake Just Sold for $21 Million.
Alaska Permanent Fund Buys Out Longtime Partner Macerich’s Stake in the Shops at North Bridge Vertical Mall
By Ryan Ori
CoStar News
February 22, 2022 | 9:14 P.M.
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