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$19M in Debt Financing Secured for New Plaza

COUNTRY CLUB HILLS, IL-Cohen Financial secured $19 million in debt financing for Country Club Plaza at 167th Street and Crawford Avenue.

By Gina Kenny | Updated on February 27, 2007

COUNTRY CLUB HILLS, IL-Cohen Financial secured $19 million in debt financing for the recently completed Country Club Plaza, a 157,600-sf retail center at the intersection of 167th Street and Crawford Avenue. The borrower was described as a “prominent local developer,” according to a released statement on the transaction from Cohen Financial. The developer for the retail center is Tucker Development Corp., based in Highland Park, IL. Representatives from Cohen declined to be interviewed for the article, and an official with Tucker did not return a phone call seeking comment.

The shopping center has 72,000 sf of inline retail stores anchored by Guitar Center RadioShack, Foot Locker and Fashion Bug. Payless Shoes and Bedding Experts are also tenants in the inline retail space. Fifth Third Bank, Applebee’s and Panda Express are outlot tenants and a Loews movie theater is a tenant of a 77,000 sf ground lease.

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