Main tenants at Lincolnshire Town Center include three restaurants, Cucina Roma, Egg Harbor Café and Flatlander's Restaurant & Brewery.
Bankruptcy court ground rules allow competing bidders, which could prompt an auction. Bidders must offer at least 4% more than Rafti Properties' offer, or $18.3 million.
The current owner of the center, Libertyville-based Forrest Properties, Inc., reportedly was once in line to help in the village's Downtown redevelopment efforts by extending its shopping center to the south side of Old Half Day Road.
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