Chicago & Midwest + Greater Chicagoland + Retail | January 19, 2023

The Feil Organization, owner and operator of North Riverside Park Mall, has purchased the two-story, 180,588-square-foot former Carson’s store there

Feil Organization Acquires Former Carson’s Space at North Riverside Park Mall

The Feil Organization, a New York City-based real estate investment firm and owner and operator of North Riverside Park Mall, has purchased the two-story, 180,588-square-foot Carson’s store. The acquisition includes the 11.55-acre parcel. Financial terms weren’t disclosed.

In 2018, Bon-Ton Stores, Inc. filed for Chapter 11 bankruptcy protection and liquidated all 256 of its Bon-Ton, Bergner’s, Boston Store, Elder-Beerman, Herberger’s, Younkers and Carson’s stores.

“We are thrilled to finally have ownership of this parcel,” said Jeffrey Feil, CEO of The Feil Organization. “Owning this site supports our ongoing focus to enhance the value of North Riverside Park Mall for the community, strengthens our engagement with the Village of North Riverside and reaffirms the Feil Organization’s commitment to elevate the shopping center. We are in the process of finalizing re-development plans, and acquiring this site is an important step toward fulfilling our long-term vision.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).