NelsonHill has represented MB Financial and Lincolnwood Plaza I LLC in their recent sale of the 230,000-square-foot Lincolnwood Business Center located at 7001 N. Central Park in Lincolnwood. Sale value was $4 million.
Margolin Shoes & Apparel has purchased the property as an investment and for the relocation of its operations from Chicago into 73,000 square feet of vacant space within the building. The privately owned company was founded in 1984 and specializes in brand name closeout. At the time of sale, the building was 67 percent leased with tenants including Sterling Collision, TenFab and Goggin.
Mark Nelson and Michael Nelson of NelsonHill represented MB Financial and the selling entity, Lincolnwood Plaza I LLC in the transaction. Mike Wilens of KBF Corporate Realty worked on behalf of the buyer.
