Adam Friedberg Of Mavrek Development Acquires 20,000 Square Feet Retail Building In Chicago
12 West Maple Street & 16 West Maple Street
Building Size
20,000 SF
Asset Type
Retail
Closing
Dec 29, 2025
About this deal
AI
12–16 West Maple Street is a 20,000-square-foot, four-story retail building located in the Gold Coast neighborhood of Chicago. The building has partial occupancy by CorePower Yoga.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 12/29/2025
- Buyer: Adam Friedberg
- Buyer Company: Mavrek Development
- Market: Chicago
Mavrek Development acquired the property with plans for renovation and repositioning to attract high-end retail and office tenants. Mid-America Real Estate Group will handle the leasing efforts.
On the Map
Retail
View full map
Chicago Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Chicago retail sales on Traded.
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