Bernard Capital Investment Partners Acquires Mixed-Use Property In Skokie For $11.5M

Bernard Capital Investment Partners has acquired a 123,519-square-foot flex retail and industrial property located at 3450 West Touhy Avenue in Skokie, Illinois. The property was sold by CenterPoint Properties Trust for a total sale price of $11,500,000. This mixed-use asset is anchored by XSport Fitness and has served as a popular fitness facility, attracting approximately 866,000 visitors over the past year.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $11,500,000
• Address: 3450 West Touhy Avenue, Skokie, Illinois
• Market: Skokie
• Square Footage: 123,519
• Price Per Square Foot: $93

The buyer, Bernard Capital Investment Partners, successfully completed the acquisition of this flex retail and industrial property in Skokie. The transaction was facilitated by broker Michael Nieder from JLL.