In a report issued Wednesday, ChicagoRealEstateDaily.com said Forest City Enterprises, Inc., has hired Cushman & Wakefield, Inc., to sell the 628,995-square-foot mall near Boughton Road and Interstate-355.
The pricetag is said to be in excess of $100 million.
Even that could represent a loss for Forest City Enterprises, according to the ChicagoRealEstateDaily.com report, which pegged the company's initial investment in the mall property at $152 million.
Ford City has sold off land parcels since then, according to the ChicagoRealEstateDaily.com report.
"This is a bigger, more complex property than a grocery-anchored center," stated James Schutter, senior managing director in the Chicago office of Newmark Grubb Knight Frank in the report. "It takes a large player to come in and say, 'I feel comfortable with this type of investment.' "