Novak Construction looks to sell new Whole Foods property in Lakeview

In 2016, the firm tried to unload the building for $70M before it was even finished

Chicago /
Jun.June 01, 2018 11:00 AM

The Lakeview Whole Foods at 3201 North Ashland Avenue and John Novak (Credit: Chandler Inc. and Novak Construction)

Novak Construction put its Lakeview Whole Foods property on the market, looking to sell the 79,000-square-foot space that the supermarket moved into last year.

Chicago-based Novak had been trying to sell the building in 2016, asking $70 million at the time, according to Bisnow. The new construction was not even completed at the time.

Whole Foods has a triple net lease on the location, at 3201 North Ashland Avenue and near the intersection of Belmont, Lincoln and Ashland avenues.

JLL will handle marketing.

Amazon bought Whole Foods last year for $13.7 billion, adding grocery stores to the list of retailers worried about how to compete with the e-commerce behemoth[Bisnow]John O’Brien

 

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