KKR Financial Holdings Announces Investment in Yorktown Center
KKR Financial Holdings LLC (NYSE: KFN) today announced an investment of approximately $38 million in Yorktown Center, a major shopping and entertainment center in the Chicago area.
Located approximately 20 miles west of downtown Chicago, Yorktown is a 1.5 million square foot super-regional mall with over 150 stores sitting on 130 acres. With over $280 million in annual revenues, the Center has many recognized national retailers, including The Capital Grille Restaurant, Victoria's Secret, American Eagle Outfitters, Gap, AMC Theaters, Forever 21 and department store chains JC Penney, Carson Pirie Scott, and Von Maur.
Yorktown has been under private ownership since it opened in 1968. The Center serves an affluent audience of more than 900,000 residents with an average household income of nearly $109,000; more than 10 million shoppers visit the center every year.
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