KKR Pours $196M Into Chicago-Area Mall

Law360, New York (April 19, 2012, 1:14 PM EDT) -- Private equity giant Kohlberg Kravis Roberts & Co. has made its first equity investment through its new real estate group, putting about $196 million into the Yorktown Center mall outside Chicago, the buyout firm announced Thursday.

The privately owned shopping center in Lombard, Ill., will be managed by co-investor YTC Pacific, a partnership between Pacific Retail Capital Partners, Collarmelle Partners and Peter Fair of Continuum Partners. Under YTC's management, Yorktown will undergo lighting, signage, food court and entrance updates, in addition to improvements in retail selection,...
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