MCZ Development Purchases 400 N May St Chicago For $15.2 Million With SVN As Seller's Rep

The property involved in this transaction is located at 400 N May St, Chicago, IL, 60642. It encompasses an entire city block featuring a 75,000-square-foot office building constructed with timber and beams, along with an additional 43,000 square feet of land utilized as a parking lot. The property was sold for $15,200,000.00.

Summary of transaction details:

• Property Type: Office building with land
• Transaction Amount: $15,200,000.00
• Address: 400 N May St, Chicago, IL, 60642
• Market: Chicago
• Seller's Representative: Chad Schroedl, Drew Dillon - SVN
• Buyer: MCZ Development

Stephen Cusano, Chad Schroedl, Drew Dillon, and James Mead of SVN represented the seller, May St. Investments LLC, which held ownership of the property for over 30 years during the transaction. The buyer, MCZ Development, has acquired the property in a strategic market location.