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Chicago’s Ford City Mall Trades at a Discount

New York Firm Pays Just $16.6 Million for South Side Center Sam Zell Once Owned and Was Forced to Give Up
Chicago's Ford City Mall was snatched up by a New York investment firm. Photo: Namdar Realty Group
Chicago's Ford City Mall was snatched up by a New York investment firm. Photo: Namdar Realty Group
By Jennifer Waters
CoStar News
May 13, 2019 | 5:52 P.M.

A New York investment company scooped up the Ford City Mall on Chicago’s South Side for 15 cents on the dollar of its last recorded mortgage, what amounts to a fire sale amid a nationwide upheaval in shopping centers.

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