Chicago-based Baum Realty Group, LLC (“Baum”), one of the Midwest’s leading retail brokerage firms, announced that Baum’s Investment Sales Team brokered the the sales of three multimillion dollar properties in the Chicago area.
Baum Realty Group Investment Sales Team of Danny Spitz and Greg Dietz represented The Prime Group in the transaction of a ±1,963 square foot storefront located at 10 E. Delaware Place in Chicago’s Gold Coast neighborhood. The single-tenant property that is 100% occupied by Le Pain Quotidien was purchased by a private investor for $4,125,000. “This property is irreplaceable real estate. The Gold Coast is the most exclusive retail market in Chicago with incredible demographics,” said Greg Dietz.
Baum Realty Group Investment Sales Team of Greg Dietz and Danny Spitz represented the Trust benefiting the Macchiaroli Family in the transaction of a ±14,694 square foot development parcel located at 1011 – 1023 N. Ashland Avenue in Chicago’s East Ukrainian Village neighborhood for $1,750,000. The site was bought by a private developer that plans to build residential condominiums. “In the Noble Square, Ukrainian Village and Wicker Park area, assembled development parcels are coveted by developers and equally rare. That helped enable a very competitive sales process,” Dietz said.
Baum Realty Group Investment Sales Team of Danny Spitz and Greg Dietz represented the Trust benefiting the Macchiaroli Family in the transaction of a ±48,400 square foot building located at 1031-1045 E. Oakton Street in Des Plaines, IL for $2,741,000. The purchase was a private investor. At the time of the sale, the property was occupied by ACE Hardware and Dollar Tree with a ±10,000 square foot vacancy.