Drew Millard Of Concord Capital Acquires Development Site From Josh Zegen Of Madison Realty Capital For $4.4M

The development site at 42-46 East Superior Street is located in the Chicago market and spans 12,428 square feet. It was sold for $4,400,000, with a price per square foot of $354. The property is associated with a previous foreclosure and was previously linked to a failed proposal for a 60-story tower by Symmetry Property Development. Additionally, it is subject to landmark protections that mandate the preservation of its historic facades.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,400,000
• Square Footage: 12,428
• Price Per Square Foot: $354
• Address: 42-46 East Superior Street
• Market: Chicago
• Buyer: Drew Millard - Concord Capital
• Seller: Josh Zegen - Madison Realty Capital

Drew Millard from Concord Capital represents the buyer in this transaction, while Josh Zegen from Madison Realty Capital represents the seller. The acquisition comes after a foreclosure on the property, which remains tied to previous development proposals and regulatory conditions.