North Riverside Park Mall Owner Acquires Vacant Carson’s Property

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

The Feil Organization, one of New York City’s premier real estate investment firms and owner and operator of North Riverside Park Mall, purchased the two-story 180,588 square foot Carson’s store. The acquisition includes the 11.55-acre parcel.  In 2018 Bon-Ton Stores, Inc. filed for Chapter 11 bankruptcy protection and liquidated all 256 of its Bon-Ton, Bergner’s, Boston Store, Elder-Beerman, Herberger’s, Younkers, and Carson’s stores.  “We are thrilled to finally have ownership of this parcel,” said Jeffrey Feil, CEO of The Feil Organization.  “Owning this site supports our ongoing focus to enhance the value of North Riverside Park Mall for the community, strengthens our engagement with the Village of North Riverside and reaffirms the Feil Organization’s commitment to elevate the shopping center. We are in the process of finalizing re-development plans. Controlling this site is an important step toward fulfilling our long-term vision.”

“North Riverside Park Mall features a strong mix of retailers, services and dining establishments,” commented Glenn Lindholm, general manager, North Riverside Park Mall. “Owning this property will enable us to create a more seamless shopping experience for our guests. We are excited about the future of The Mall.” The Feil Organization is a real estate investment, management, and development firm based in New York City with over 70 years of expertise. Feil’s diverse portfolio commands more than 24 million square feet in industrial, commercial, and retail, more than 5,000 residential properties, and thousands of acres of underdeveloped land across the United States. For more information, visit northriversideparkmall.com.

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