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Discover Call Center in Chatham Hits the Market
DL3 Realty, which turned a shuttered Target in Chicago’s Chatham neighborhood into a call center for Discover Financial Services, has put the property up for sale, Crain’s Chicago Business reported. The hope is to repeat the payday it hit last year on a similar project in Morgan Park.
The Chicago-based developer hired JLL to sell the Discover Customer Care Center property at 8560 S. Cottage Grove Ave., DL3 managing partner Leon Walker confirmed to Crain’s. There is no asking price for the 127,169-square-foot building, where Discover signed a 10-year lease last year to open its first new customer care center in two decades.
A source told Crain’s the property is expected to fetch bids close to $20 million. That would be in line with a nearly identical deal Walker did in Morgan Park, where he bought a shuttered Target and leased it to Blue Cross & Blue Shield of Illinois.
- ◦Sale/Acquisition
