Scott Maesel, Drew Dillon, Chad Schroedl, Adam Thomas and Logan Parsons of the Urban Team of SVN | Chicago Commercial successfully represented long-term owners, Salvation Army, in the disposition of its campus in Chicago’s River West neighborhood. Located on Grand Avenue, the highly visible location is widely known for its visibility just south of the Ohio Street freeway offramp.
The site is comprised of approximately 70,000 square feet of land, consisting of three buildings and zoned for up to 567,000 of buildable square feet as of right.
The Urban Team of SVN | Chicago Commercial represented the Salvation Army, the seller, and was the only broker in the transaction. The Urban Team generated multiple offers to maximize the value of the asset. The property sold for $25,000,000.