December 14, 2020
Discover Financial Services is in advanced talks to turn a vacant former Target store in the Chatham neighborhood into a call center that could bring as many as 1,000 jobs to the city’s South Side, Crain’s Chicago Business reported.
The Riverwoods, IL-based credit card giant is eyeing a lease for the 127,000-square-foot property at 8560 S. Cottage Grove Ave., sources said. The store is one of two South Side locations Target announced it would close in 2018.
If the deal goes through, it would represent a victory for Mayor Lori Lightfoot’s initiative to channel more corporate investment and jobs into the city’s underinvested South and West Side neighborhoods, Crain’s reported.
The call center lease would also be a win for Chicago-based developer DL3 Realty, which last year bought the former Target store in Chatham and another vacant one in Morgan Park, according to Crain’s.
Photo courtesy of CBRE.
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