Chicago TREND To Acquire Roseland Medical Center In Chicago For $6M

The mixed-use property located at 100-134 West 111th Street in Chicago recently went under contract for $6,000,000. Encompassing 27,000 square feet, the asset was sold at a price per square foot of $222. The transaction involved the buyer, Lyneir Richardson of Chicago Transforming Retail Economics of Neighborhood Development (TREND), and the seller, Leon I. Walker of DL3 Realty Advisors LLC.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $6,000,000
• Market: Chicago
• Buyer: Lyneir Richardson - Chicago Transforming Retail Economics of Neighborhood Development (TREND)
• Seller: Leon I. Walker - DL3 Realty Advisors LLC
• Address: 100-134 West 111th Street
• Square Footage: 27,000

Chicago TREND, a retail development enterprise, plans to acquire the Roseland Medical and Retail Center through a $6 million crowdfunding campaign aimed at local investors. The center, situated across from Roseland Community Hospital, boasts a fully occupied strip mall with prominent tenants such as Cermak Immediate Care and Chicago Family Health Center.