facebook
Traded Co logo
Submit a Deal
1422 North Kingsbury Street
SOLD

Tom Funke Buys 1422 North Kingsbury Street Retail Property In Chicago For $20M

1422 North Kingsbury Street

Retail
40,000 SF
clock iconSold 142 days ago
the dealplayerscompscontact
share iconContact now

Summary

Sale
ILLINOIS
Retail
40,000 sqft

The 40,000-square-foot REI store located at 1422 North Kingsbury Street in Chicago was sold for $20,000,000. The property was acquired by investor Tom Funke from sellers Matt Garrison & Jason Trailov of R2 and Goldman Sachs. The sale price equates to approximately $500 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $20,000,000
  • Buyer: Tom Funke
  • Seller: Matt Garrison & Jason Trailov - R2 ; Goldman Sachs
  • Broker: JLL
  • Address: 1422 North Kingsbury Street
  • Market: Chicago

The sale of the REI store in Chicago to Tom Funke was facilitated by JLL. The transaction underscores the attractiveness of net lease investments with long-term tenants, showcasing resilience in the face of challenging market conditions in Chicago.

Details

Deal Summary
minus icon
SOLD
IMAGE: Matt Garrison DATE: 02/29/2024 ADDRESS: 1422 North Kingsbury Street MARKET: Chicago ASSET TYPE: Retail BUYER: Tom Funke SELLER: Matt Garrison & Jason Trailov - R2 (@R2Companies); Goldman Sachs (@GoldmanSachs) BROKER: JLL (@JLL) SALE PRICE: $20,000,000 SF: 40,000 ~ PPSF: $500 NOTE: R2 and Goldman Sachs sold the 40,000-square-foot REI store in Chicago to investor Tom Funke for about $20 million. The sale highlights the appeal of net lease investments with long-term tenants, despite tough market conditions in Chicago.

View on map

Loading...

Address1422 North Kingsbury Street

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.