The seller, Wheeling-based Crystal Point Center LLC, redeveloped the center in 1998 to an open-air mall. At about the same time, major retailers as Sam's Club, Kohl's, Target, Home Depot, Menards and Wal-Mart were setting up shop along Northwest Highway in this far northwest suburb 50 miles from Chicago.
Inland Real Estate Corp. reports the three-mile trade area has a population of about 57,500, with an average household income $82,431. However, the new owners of Crystal Point Center share that trade area with a series of retail centers along Northwest Highway, including the Commons of Crystal Lake, Country Corner Plaza, Crystal Court Mall and Crystal Lake Plaza.
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
Already have an account? Sign In Now
© 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.
