1334 Kostner Owner LLC Acquires Property In Chicago For $8.2 Million With Seller's Rep John McDermott

The property involved in this transaction is a redevelopment site located at 1334 N Kostner Ave, Chicago, IL, 60651. The sale price was $8,199,999. The site comprises multiple buildings and encompasses 6.5 acres in the Humboldt Park neighborhood.

Summary of transaction details:

• Property Type: Redevelopment Site
• Transaction Amount: $8,199,999.00
• Address: 1334 N Kostner Ave, Chicago, IL, 60651
• Market: Chicago
• Seller's Representative: John McDermott - SVN | Chicago Commercial
• Buyer: 1334 Kostner Owner LLC
• Seller: Unknown
• Buyer's Representative: Jennifer Hopkins and Olivia Czyzynski - SVN | Chicago Commercial
• Outside Broker: Amy Van Hook
• Planned Development: Extensive office redevelopment project
• Parent Company: IBT Group LLC

The transaction involved key representatives from SVN | Chicago Commercial, with John McDermott representing the undisclosed seller and Jennifer Hopkins along with Olivia Czyzynski representing the buyer, 1334 Kostner Owner LLC, a subsidiary of IBT Group LLC. This sale facilitates plans for a significant office redevelopment project at the site.