Draper and Kramer, Incorporated announced that a team led by Bill Barry and Bill Stewart, both senior vice presidents with the firm’s Commercial Finance Group (CFG), brokered a $99.55 million loan on behalf of Fairbourne Properties for the acquisition of Village Crossing, a 724,400-square-foot retail center on the border between Skokie and Niles, Illinois.
Built in 1988, the grocery-anchored shopping center at 5601-5699 W. Touhy Ave. includes a Jewel-Osco, AMC movie theater and Dick’s Sporting Goods.
In addition to facilitating the acquisition, the loan sourced by Draper and Kramer will fund tenant improvement and leasing commission costs for new leasing at the property.
