Hawthorn Mall in Vernon Hills Gets New Ownership

by Rick Kambic
ChicagoTribune.com

Vernon Hills, IL – Hawthorn Mall in Vernon Hills has a new set of owners, but the management team says nothing else will change for a while.

Australia-based Westfield announced in a written statement that it sold 80 percent of its stock in Hawthorn Mall, Fox Valley Mall in Aurora and three other malls throughout the country.

The $1.1 billion deal, according to Westfield’s statement, was made in late December with a group of three investment firms: Centennial Real Estate Company, Montgomery Street Partners, and USAA Real Estate Company.

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