❶The population density was 3, Money Magazine. Investigators said the baby also died in the murder-suicide. Zigfield Troy Golf. Encyclopedia and Learning Resources. A spokeswoman for Phoenix-based Vereit, which controls the property, did not have an immediate comment.
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Centerpointe of Woodridge, a ,square-foot property at Woodward Avenue and 75th Street, is now more than half empty, another example highlighting the creative destruction underway in retailing amid changing demographics and the domen boom.
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B.I.G. is a women's support, education and Wpodridge organization that embraces women's desire to connect with each. We strive to facilitate safe. Centerpointe of Woodridge, a ,square-foot property at Woodward Avenue and 75th Street, is in danger of becoming another casualty of a sweeping shakeup in the retail real estate market, driven by the Gentlemans club Caboolture Australia of department stores and the rise Woodridge big women e-commerce.
Big Woodridge shopping center faces loan default
Facing a potential loan default, the property's owner is seeking a modification of the shopping center's debt, according to a loan report from Bloomberg. Centerpointe suffered a big blow in March, when JCPenney, its third-largest tenant, said it was closing its ,square-foot store.
Then, on June 30, Sam's Club, the property's biggest tenant, shut down its ,square-foot store. The shopping center also could be facing the loss of its second-largest tenant, Home Depot, if the home-improvement chain doesn't renew its ,square-foot lease, which expires next March.
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A rash of retailer bankruptcies and surge in store closings has rocked the retail real estate market over the past couple years, feeding a gloomy narrative about the sector's inevitable decline as more people shop online.
JCPenney, Sears, Macy's and other department store chains, among the biggest tenants in shopping centers, have left gaping holes in many properties as they have closed stores across the country. Many landlords are redeveloping their shopping centers with new tenants, like grocery stores and health clubs, that are less vulnerable to e-commerce. And while properties in weaker suburban locations are likely to struggle, landlords in dense city neighborhoods with high incomes are flourishing.
Yet the market could be better: The retail vacancy rate for the Chicago area stood at 10 percent in the second quarter, down from its post-crash high of Though the loss of Sam's Club and JCPenney leaves Centerpointe half-empty, the two tenants are still paying rent to the property's owner, a venture led by Phoenix-based real estate firm Cole Capital.
Still, even though JCPenney is obligated to pay rent for another decade, department store closings tend to inflict damage on neighboring shopping center tenants because the stores Nude ladies Mornington so much foot traffic.
The mortgage doesn't mature untilbut the loss of rent from Sam's Club Woodridge big women imperil the Cole venture's ability to cover monthly debt payments. The loan was recently transferred to a so-called special servicer, a firm hired to oversee problem loans for Why am i always the bad guy in the relationship in Australia investors.
Skip to main content. August Woodridge big women, AM. Big Woodridge shopping center faces loan default.
Alby Gallun. Tweet Share Share Email More. CoStar Group. A spokesman for Vereit, which owns Cole Capital, didn't return calls. Recommended for You.
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