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Big Shopping Mall Near Chicago for Sale After $85 Million Loan Default

JLL Hired To Sell Portion of Louis Joliet Mall As Nation's Retail Centers Undergo Transformation
JLL has been hired to sell the Louis Joliet Mall in Joliet, Illinois, after the previous owner defaulted on a $85 million loan. (CoStar)
JLL has been hired to sell the Louis Joliet Mall in Joliet, Illinois, after the previous owner defaulted on a $85 million loan. (CoStar)

A huge shopping mall southwest of Chicago is for sale after its previous owner defaulted on an $85 million loan early in the pandemic, hitting the market at a time when malls throughout the country are being reshaped by adding uses such as apartments and medical offices.

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