Greenstone Partners successfully sold a two-tenant retail center located at 8915 S. Stony Island Avenue, located in Chicago’s Calumet Heights community. The infill shopping center is leased to S&P investment-grade tenants AutoZone and Family Dollar.
Greenstone Partners, in partnership with Scott Fithian of The Lord Companies, exclusively represented the seller, a Chicago-based partnership. Over a dozen offers were procured on a nationwide basis with the ultimate purchaser being a California-based, 1031-exchange buyer.
The property is positioned at the corner of 89th Street and Stony Island Avenue which experiences 45,000+ vehicles per day. Within five miles the property features a population of 480,000 and neighbors within the immediate vicinity include Jewel-Osco, Walgreens, McDonald’s, and more.