Sam Trachtman's Stak Holdings Acquires Chicago Portfolio Sale For $23M

A portfolio of properties located at 5310 North Damen Avenue, 5314 North Damen Avenue, 5330 North Damen Avenue, 7250 North Western Avenue, and 2559 West Bryn Mawr Avenue in Chicago has been sold in a transaction valued at $23,000,000. The total square footage of the portfolio is 131,475, resulting in a price per square foot of $175. The buyer, Sam Trachtman of Stak Holdings, acquired the properties from Joseph Rotter. The transaction was facilitated by Danny Logarakis of Kiser Group as the broker representing the buyer. Matt Bowker provided financing for the deal.

Summary of transaction details

• Property Type: Portfolio Sale
• Transaction Amount: $23,000,000
• SF: 131,475
• PPSF: $175
• Buyer: Sam Trachtman - Stak Holdings
• Seller: Joseph Rotter
• Broker: Danny Logarakis - Kiser Group
• Financed: Matt Bowker

The sale of this portfolio marks a significant transaction in the Chicago market. Sam Trachtman, the buyer, is the founder of Stak Holdings, a real estate investment firm. Joseph Rotter, the seller, has successfully completed the sale of these properties. Danny Logarakis from Kiser Group represented Sam Trachtman in the negotiation and finalization of the deal. Matt Bowker arranged the financing for the transaction, ensuring a smooth and successful sale.