The Real Deal Chicago

Supera Realty picks up Noble Square rental for $12M

The buyer is financing the purchase with a $7.9 million loan from JPMorgan Chase
By Scott Klocksin | April 11, 2018 05:00PM

1545 West North Avenue (Credit: Sedgwick Properties)

Sedgwick Properties has sold a new five-story, 30-unit rental building for $12 million to Supera Realty, records show.

Sedgwick developed the building at 1545 West North Avenue, which broke ground in 2015.

Records also indicate Supera has landed a $7.9 million mortgage on the property from JPMorgan Chase.

Supera’s Patrick Keenan said the firm is aiming to lease 2,400 square feet of vacant retail space on the ground floor.

When the building’s groundbreaking was announced, a press release from Sedgwick advertised units renting from $1,900 a month, with the smallest units measuring 675 square feet.

Sedgwick did not respond to a request for common in time for publication.