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iStar Launches Renewal of Ford City

CHICAGO—The new ownership group says U.S. Equities Realty and SRS Real Estate partners will run, and help revive, the iconic mall.

By Brian J. Rogal | Updated on June 19, 2013

CHICAGO—The New York-based iStar Financial Inc. took control of the iconic Ford City Mall on the city’s southwest side last December, after previous owner Sam Zell decided to walk away. And the new owners have just begun planning to revive the one-million-square-foot shopping center, one of the first indoor malls of its kind in the U.S. They have tapped U.S. Equities Realty to manage the space and SRS Real Estate Partners to handle the leasing.

“We know there is a strong need for a full-service retail mall in this area of Chicago and a pent up demand from the community, and we are excited about the opportunity,” says Cynthia Tucker, senior vice president of iStar.

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