RESolutions appointed for Evergreeen Plaza

RESolutions appointed for Evergreeen Plaza

(Crain’s, August 25, 2011) – Receiver appointed for foreclosed Evergreen Plaza  Chicago-based RE Solutions EMR LLC has been named the court-appointed receiver for the south suburban Evergreen Plaza shopping center, which was hit with a foreclosure suit last month. The 800,000-square-foot mall is 57% leased and anchored by Carson Pirie Scott & Co., according to a release. A $20-million loan on the property is also for sale; bids were due last Friday, said RE Solutions Principal S. L. Van der Zanden. “We’re waiting for that to come to conclusion,” he said. “In 30 days we’ll have some clear direction on what’s going to happen.”

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