Burlington Distribution Leases 45000 SF Retail Space From Ashkenazy Acquisition In Chicago

The asset involved in this transaction is a retail space located at 7507 North Clark Street in Chicago, covering an area of 45,000 square feet. This property is part of a larger shopping center, Gateway Centre, which spans 195,000 square feet and is strategically located near the CTA’s Howard Station, making it transit-accessible.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 7507 North Clark Street
• Market: Chicago
• Landlord: Ben Ashkenazy - Ashkenazy Acquisition Corp.
• Tenant: Michael O'Sullivan - Burlington Distribution

This lease is significant as Burlington Distribution is expanding its urban presence with a store set to open by year-end 2025. The shopping center continues to attract necessity-based retailers amid changing consumer preferences towards walkable retail formats.