CBRE has been retained to list Elston Logan Plaza, a 49,473-square-foot, three-tenant retail development at 2700 N. Elston Ave., according to an announcement from the firm.
Keely Polczynski of CBRE will list the property which is fully leased to XSport Fitness, Panera Bread and Mattress Firm. The development sites on a highly visible corner and is near to three of the city’s most popular neighborhoods.
“This is an amazing location with strong surrounding retailers and a very large consumer and residential population,” said CBRE’s Polczynski. “This area has even more potential for growth, as many of the city’s top developers are planning major mixed-use projects along the emerging North Branch corridor. Combined with the tenant lineup the development has in place, this is a very strong investment opportunity.”
Completed in 1969, the development underwent a significant renovation in 2007. It boasts 24,750-square-foot floor plates and comes with 266 parking spots, which is difficult to achieve in such a dense, in-fill area.
