Wilmorite says it will invest $10 million along with Von Maur in the new store. Von Maur is also in negotiations with Davis Street Land to open a store in Southwest suburban Orland Park at the developer's planned 500,000-sf Main Place shopping mall.

Wilmorite says Von Maur is an anchor tenant in 14 regional shopping centers throughout the Midwest. Charlestowne Mall's other anchor tenants are Carson Pirie Scott, Sears and Kohl's.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.