Federal Realty Acquires Riverpoint Center in Chicago’s Lincoln Park for $107 Million

Riverpoint Center is currently 97 percent occupied and is anchored by Jewel-Osco, Marshalls and Old Navy. Riverpoint Center is currently 97 percent occupied and is anchored by Jewel-Osco, Marshalls and Old Navy.

Chicago — Federal Realty Investment Trust has acquired Riverpoint Center in Chicago’s Lincoln Park for $107 million.

The 211,000-square-foot, grocery-anchored shopping center sits on 17 acres at the corner of West Fullerton and North Clybourn avenues. Riverpoint Center is currently 97 percent occupied and is anchored by Jewel-Osco, Marshalls and Old Navy. Federal Realty anticipates increasing the value of the property over time through the re-leasing of space currently leased at below market rents and the potential to increase density at the infill site.

More News