T.J. Maxx Leases 26,000 Square Feet At 939 West North Avenue In Chicago For 10 Years
939 West North Avenue
Building Size
26,000 SF
Asset Type
Retail
Closing
Jan 8, 2026
AI
The property asset involved in this transaction is a retail space measuring 26,000 square feet located at 939 West North Avenue in the Chicago market. It is part of a larger 200,000-square-foot building owned by Farpoint Development and MCZ Development.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 939 West North Avenue
- Market: Chicago
- Lease Term: 10 years
- Landlord: Scott Goodman & Regina Stilp - Farpoint Development; MCZ Development
- Tenant: Ernie Herrman - T.J. Maxx
- Landlord's Representative: Paul Bryant - Mid-America Real Estate Group
- Tenant's Representatives: Gary Greenfield & Steven Baer - Metro Commercial Real Estate
T.J. Maxx signed a 10-year lease for the retail space, with plans for a third-quarter 2026 opening less than a mile from DePaul University. The lease supports the property's repositioning as upgrades are underway, with Paul Bryant and Jaime Bertsche representing the landlord, while Gary Greenfield and Steven Baer represented the tenant.
Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93