Greenstone Partners successfully sold 1502 W. Chicago Avenue, a 4,80- square-foot, two-tenant commercial vertical subdivision. Located in Chicago’s West Town neighborhood, the property is positioned on the northwest corner of Chicago and Greenview Avenues.
The investment features net leases with RE/MAX and Lotus Center and the purchaser was attracted to the investment due to the dense urban infill location, replaceable rents and long-term tenancy. Greenstone exclusively represented the seller, a Chicago-based developer, and procured the Texas-based purchaser. This is the purchaser’s first Chicago acquisition.
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