Here are Chicago’s top 5 retail investment sales in August


The $50M sale of a South Loop strip mall tops the list

Clockwise from left: The Clybourn Galleria retail strip, Tucker Development CEO Richard Tucker and the strip mall,  and 2606 North Elston Avenue (Credit: LoopNet)
Clockwise from left: The Clybourn Galleria retail strip, Tucker Development CEO Richard Tucker and the strip mall,  and 2606 North Elston Avenue (Credit: LoopNet)

More than $82 million was spent on the top five Chicago retail property transactions in August.

Sales of retail property in Chicago in August were led by the $50 million sale of a South Loop strip mall. Four other properties — three on the North Side, one in Fulton Market — made up another $30 million-plus in sales, according to Cook County property records reviewed by a The Real Deal.

1254 South Canal Street | $50 million

The Iowa Public Employee Retirement System bought this 125,000 square-foot strip mall for $50 million from Chicago-based Tucker Development, which bought the mall in 2005 for $36.25 million. It is anchored by a Jewel-Osco.

2. 1835-57 North Clybourn Avenue | $12.25 million

Los Angeles-based Westwood Financial bought this Lincoln Park strip mall known as the Clybourn Galleria from Chicago-based Newport Capital Partners, who paid $11.75 million for the property in 2013.

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3. 212-244 North Ada Street | $8.5 million

CT Corporation, a division of Netherlands based Wolters Kluwer, bought this property on the western edge of the bustling Fulton Market for $8.5 million. The strip is anchored by catering and events planning company Boutique Bites.

4. 2606 North Elston Avenue| $6.93 million

Connecticut-based Starwood Capital Group sold the Art Van Furniture store in the retail corridor along Elston Avenue to Farbman Group for nearly $7 million. The 48,000-square foot store was built in 2007.

5. 2838 North Kimball Avenue | $4.425 million

California-based Capital Holdings sold this Logan Square Davita Dialysis building to Eleven North Capital for $4.25 million.

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