Andy Kline Of Chase Properties Acquires Empire Crossing Retail Center In Bloomington For $28.35M

The shopping center located at 1500-1608 East Empire Street in Bloomington is a retail asset with a transaction price of $28,350,000. It comprises a total of 229,971 square feet, equating to a price per square foot of approximately $123. The property was built in 1962 and is currently 85% leased to notable tenants such as Dick’s Sporting Goods and HomeGoods.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $28,350,000
• Square Footage: 229,971
• Address: 1500-1608 East Empire Street
• Market: Bloomington
• Price Per Square Foot: $123
• Buyer: Andy Kline - Chase Properties
• Seller: Michael P. Markman - BET Investments
• Broker: JLL

Chase Properties acquired the property from Bet Investments, with JLL Capital Markets representing the seller in this transaction. This deal highlights the involvement of key individuals, specifically Andy Kline as the buyer and Michael P. Markman as the seller, within the retail real estate market.