Fundamental Income Acquires Retail Property In Chicago For $44.7M

The retail property located at 1300 N. Dearborn St. in Chicago has been sold in a transaction. The property spans approximately 70,000 square feet and has been acquired by Fundamental Income, represented by Alexi Panagiotakopoulos. The selling party, Convexity Properties, was represented by David Nelson. The deal was facilitated by Michael Marks of Cushman & Wakefield.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $44,700,000
• Market: Chicago
• Buyer: Fundamental Income - Alexi Panagiotakopoulos
• Seller: Convexity Properties - David Nelson
• Broker: Michael Marks - Cushman & Wakefield

This transaction signifies an important exchange of ownership in the retail property market. Fundamental Income, led by Alexi Panagiotakopoulos, has acquired the property from Convexity Properties, with David Nelson representing the seller. The deal was facilitated by Michael Marks from Cushman & Wakefield, who played a crucial role in bringing the parties together.