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Toys R Us closings could push some landlords into loan trouble. The gods that are retail choosing in the owner regarding the Bricktown Square shopping mall on Chicago’s West Side.

Toys R Us closings could push some landlords into loan trouble. The gods that are retail choosing in the owner regarding the Bricktown Square shopping mall on Chicago’s West Side.

First, the home’s second-largest tenant, Sports Authority, went bankrupt and shut its shop here in 2016. Now, the mall has lost its largest tenant, Babies R Us, certainly one of a lot more than 700 shops that Toys R Us is shutting to wind its business down in bankruptcy.

The dual whammy raises the chance that Bonnie Investment Group, the Chicago-based owner of Bricktown Square, will not manage to make payments on its $32 million home loan. Without lease from Toys R Us, which leases about 45,100 square foot here, the property most likely won’t generate sufficient cashflow to pay for its $2.2 million in yearly financial obligation re re payments, in accordance with a Bloomberg loan report. Continue reading “Toys R Us closings could push some landlords into loan trouble. The gods that are retail choosing in the owner regarding the Bricktown Square shopping mall on Chicago’s West Side.”