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Chicago-area mall’s value jumps in new debt deal

Oakbrook Center refinancing could return $65 million to GGP despite loan payoff costs
The Oakbrook Center mall west of Chicago is being refinanced with a new $800 million loan. (Jon Song/CoStar)
The Oakbrook Center mall west of Chicago is being refinanced with a new $800 million loan. (Jon Song/CoStar)
CoStar News
September 24, 2026 | 4:35 P.M.

The owner of one of the largest shopping malls in the Chicago area is lining up $800 million of new debt in a cash-out deal that demonstrates the rising value of top-performing U.S. retail properties.

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