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CHICAGO—LM Value Investors, LLC, a Clarendon Hills-based Chicago real estate investment fund, is finalizing construction bids for a renovation of The Crossings of Schererville, an 115,443-square-foot office building in Schererville, IN, formerly known as Plaza 833. Construction will begin in late May 2013.

The construction will revitalize both the interior and exterior of the building at the corner of Lincoln Highway and Indianapolis Blvd. and modernize its mechanical and aesthetic features. LMVI purchased the building and three surrounding outlots in December of 2012 from Fifth Third Bank, which acquired it through foreclosure two years before.

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