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939 West North Avenue

T.J. Maxx Leases 26,000 Square Feet At 939 West North Avenue In Chicago For 10 Years
LEASEDRetail

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

Regina Stilp

Farpoint Development

Broker

$75M

vol

3 deals

Broker

Scott Goodman

Farpoint Development

Landlord

$75M

vol

4 deals

Landlord
TM
T.J. MaxxTenant

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