A reported $80 million deal to sell Bolingbrook's Promenade shopping center closed over the weekend, according to WJOL.
Forest City Enterprises sold the property, minus the Macy's store, to Starwood Retail Partners. The $152 million development opened in 2007.
- Bolingbrook Promenade Sale in the Works: Report
- Bolingbrook Promenade for Sale at a Cost in Excess of $100 Million
Starwood Retail Partners also operates the Louis Joliet Mall and Chicago Ridge Mall.
Bolingbrook Mayor Roger Claar said he believes Starwood will use its assets to take the Promenade "to the next level," according to WJOL.
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