Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

Marcus & Millichap arranges 10.6 million office property sale in Evanston

March 27, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Marcus & Millichap announced the sale of 820 Davis Street, a 76,239-square-foot office building in downtown Evanston, Illinois. The five-story building, located within walking distance of the Northwestern University campus, Fountain Square and the Davis Street CTA and Metra train stations, sold for $10.6 million.

Stephen Lieberman, first vice president, investments, in Marcus & Millichap’s Chicago Downtown office, exclusively marketed the property on behalf of the seller, a North Shore-based private family that had owned the property for nearly 20 years. Lieberman also procured the buyer, Free Market Ventures, a Chicago-based private investment group that plans to do an extensive renovation and modernization of the building.

“The office market in Evanston is extremely stable, particularly in the central business district, where 820 Davis Street is located,” said Lieberman. “New ownership has the opportunity to renovate and reposition the property in the near term for additional value creation. Considering the current and future outlook for office space demand in downtown Evanston, ownership should prove to be successful.”

 

Tags
EvanstonFree Market Ventures.IllinoisMarcus & Millichapoffice
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

Waterton and Almanac Realty Investors announce strategic minority investment

May 20, 2022
TexasMultifamily

Marcus & Millichap arranges sale of 127-unit apartment building in Dallas

May 20, 2022
WisconsinIndustrial

PARADIGM Real Estate closes sale of 13,811-square-foot industrial property in Milwaukee

May 20, 2022
MissouriCRE

St. Louis’ Kwame Building Group adds human resources manager

May 20, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com