Holliday Fenoglio Fowler, L.P. (HFF) has sold Kingsbury Center, a 53,079-square-foot urban retail center located in Chicago’s vibrant North and Clybourn retail corridor. The HFF team marketed the property for the seller. Westwood Financial purchased the asset and assumed an existing securitized loan.
Completed in 2012, the center is 100 percent leased to buybuy BABY, PetSmart, Road Runner Sports and Jimmy John’s. Located at 1415-1435 N. Kingsbury Street, the property is positioned just south of the intersection of North and Clybourn Avenues.
More than 460,000 residents, earning an average household income over $121,000 per year, live within three miles of the property. Kingsbury Center is serviced by the CTA’s North & Clybourn “L” station and is within walking distance to other nationally recognized retailers that anchor the submarket, including Apple, Whole Foods, Dick’s Sporting Goods, Mariano’s, REI, West Elm, Design Within Reach, Anthropologie and Arclight Cinema.
The HFF investment advisory team representing the seller included senior directors Amy Sands and Clinton Mitchell.