North Riverside Plaza Shopping Center
Location: North Riverside, IL
In November 1995, Klaff Realty, LP, in a joint venture with The Blackstone Realty Group and Federal Construction, Inc. (Canada), acquired the leasehold interest in a 200,000 square foot, two-level former Kmart Store. The center was located at Harlem and Cermak Road in North Riverside, Illinois.
The store was completely renovated (asbestos abatement, new roof and HVAC equipment, vertical transportation and new facade) and re-leased to major national retailers including Kohl’s and Burlington Coat Factory.
This project included rezoning of the entire shopping center, accomplished through a P.U.D. (Planned Unit Development) with the Village of North Riverside. The center was sold in April 2000.
Klaff Realty, LP was the project/development manager and leasing agent for the project.