Tuesday, May 17, 2011
CHICAGO, IL – HFF announced today that it has closed the sale of Village Mall,(top left photo) a 480,759-square-foot regional mall in Danville, Illinois.
HFF marketed the property on behalf of the seller, LNR Partners, Inc. Tabani Group purchased Village Mall free and clear of debt.
Village Mall is situated on 41.14 acres at 2917 North Vermilion Street directly north of Interstate 74 in Danville. The property was originally built in 1978 and renovated in 1999. Tenants at the 64 percent leased mall include Elder-Beerman, Sears, Covington Foods, AMC Theatres and Pet Supplies Plus.
The HFF team representing the seller was led by managing directors Jaime Fink and Jeff Bramson.
Tabani Group owns more than three million square feet of retail, hotel and office properties throughout the United States.
Jaime M. Fink, HFF Managing Director, (312) 528-3650, firstname.lastname@example.org
Jeffrey M. Bramson, HFF Managing Director, (312) 528-3650 email@example.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,