SOLD
Scott Goodman Of Farpoint Acquires North Avenue Collection From Daniel Joseph Houston For $20M
939 West North Avenue
Mixed-use
199,000 SF
199,000 SF
Sold 71 days ago
Summary
Sale
ILLINOIS
Mixed-use
199,000 sqft
The North Avenue Collection in Chicago's Clybourn Corridor, consisting of 95,000 square feet of retail space and 104,000 square feet of medical office and fitness space, was sold for $20,000,000. The property, located at 939 West North Avenue, was acquired by Farpoint Development from Principal Financial Group.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $20,000,000
- Buyer: Scott Goodman - Farpoint
- Seller: Daniel Joseph Houston - Principal Financial Group
- Square Footage: 199,000
- Price per Square Foot: $101
- Market: Chicago
Farpoint Development, led by Scott Goodman, successfully acquired the North Avenue Collection. Despite challenges in Chicago's retail sector, Farpoint plans to revitalize the property as part of their strategy to capitalize on distressed retail assets in the area.
Details
SOLD
IMAGE: Daniel Joseph Houston & Scott Goodman
DATE: 02/22/2024
ADDRESS: 939 West North Avenue
MARKET: Chicago
ASSET TYPE: Mixed-use
BUYER: Scott Goodman - Farpoint (@Farpoint_Development)
SELLER: Daniel Joseph Houston - Principal Financial Group
SALE PRICE: $20,000,000
SF: 199,000 ~ PPSF: $101
NOTE: Farpoint Development, led by Scott Goodman, acquired the North Avenue Collection in Chicago's Clybourn Corridor for over $20 million at auction, a steep discount from its previous $89 million sale in 2004. Despite challenges in Chicago's retail sector, Farpoint plans to revitalize the property, which includes 95,000 square feet of retail space and 104,000 square feet of medical office and fitness space, as part of their strategy to capitalize on distressed retail assets in the area.View on map
Loading...
Address939 West North Avenue
Comparables
Reset filters to show results.