Charlestowne Mall owners entertain sale
ST. CHARLES – Less than three years after promising “great things” to come, a California-based group of investors may be seeking someone willing to take Charlestowne Mall off their hands.
Neil Johnson, managing director for the St. Charles office of commercial real estate firm Sperry Van Ness who oversees tenant recruitment at Charlestowne, confirmed the mall’s owners are entertaining suitors for the property.
“At this point, Charlestowne Mall is not officially on the market,” Johnson wrote in an email response to questions. “However, over recent months, multiple investor groups have expressed some interest in purchasing the mall.”
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