Greenstone Partners Represents Michigan Development Firm In $2.8M Retail Sale In Chicago

The property involved in the transaction is a retail redevelopment site located at 1419 West Diversey Parkway in Chicago’s Lincoln Park neighborhood. The asset comprises a two-story building with a total square footage of 11,300. It was sold for a transaction price of $2,800,000, translating to a price per square foot of $248.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,800,000
• Address: 1419 West Diversey Parkway
• Market: Chicago
• Square Footage: 11,300
• Price per Square Foot: $248
• Broker Representatives: Brewster Hague & Tom Galvin - Greenstone Partners

The transaction was brokered by Greenstone Partners, with Brewster Hague and Tom Galvin representing the buyer, a Michigan-based real estate development firm. The building was previously utilized as the headquarters and commissary for Rosebud Restaurants.