Allied Development Acquires Retail Property In South Side For $30.2M

The retail property located at 11730 South Marshfield Avenue in South Side has been sold in a transaction on August 3, 2022. The property, with a total area of 259,000 square feet, was purchased by Allied Development. The seller of the property was PGIM, represented by Eric Adler. The sale price for the property was $30,200,000, resulting in a price per square foot of approximately $117. Christian Williams from CBRE acted as the broker in this deal.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $30,200,000
• Square Footage: 259,000
• Address: 11730 South Marshfield Avenue, South Side
• Buyer: Allied Development
• Seller: PGIM - Eric Adler
• Broker: Christian Williams - CBRE

This transaction involved the participation of key individuals and companies. Allied Development successfully acquired the retail property, while PGIM, under the representation of Eric Adler, acted as the seller. Christian Williams represented CBRE and facilitated the transaction as the broker.