Brief
Newmark Arranges $41M Sale of Michigan Avenue Retail Space in Chicago
CHICAGO — Newmark has arranged the $41 million sale of the retail portion of 500 North Michigan Avenue along Chicago’s Magnificent Mile. The 21,565-square-foot space is fully leased to tenants such as
Summary
CHICAGO — Newmark has arranged the $41 million sale of the retail portion of 500 North Michigan Avenue along Chicago’s Magnificent Mile.
The 21,565-square-foot space is fully leased to tenants such as Bank of America, Chick-fil-A and Vans.
The asset traded at a cap rate of 5.93 percent. Keely Polczynski of Newmark represented the undisclosed seller. The buyer was a private investor. The post Newmark Arranges $41M Sale of Michigan Avenue Retail Space in Chicago appeared first on REBusinessOn
Source
- REBusinessOnlinerebusinessonline.com
