Evanston Now
Quick exit sought by current owners.
The owners of the Church Street Plaza development in downtown Evanston have listed it for sale.
The listing from CBRE indicates the owners are seeking a quick sale of the property, with initial bids due by May 27.
With the recent closure of the Century Theatres, the plaza is just 50% occupied, according to the broker’s information, which claims, “The ability to re-lease and re-position the asset presents a unique opportunity to acquire a premier retail asset at a fraction of its former basis and create significant incremental value.”
The complex includes three buildings with a total of over 179,000 square feet of space.