A Chicago-based receivership company has been tasked with improving business at Glen Town Center, Chicago Tribune reported.
Glen Town Center Developer OliverMcMillan is in court .
Earlier this month, Cook County Circuit court appointed RE Solutions as the receiver and the company is looking at why the shopping center is still underperforming even though 94 percent of the retail space is leased, Chicago Tribune reported.
The highly anticipated 267,000-square-foot mixed-use retail center opened in 2003 and was supported by the Village with a $12 million revenue-sharing agreement with the developer.
- Glen Town Center Developer Faces $55.6 Million Foreclosure Suit