Jenel Real Estate Acquires Retail Property In Fairview From Acadia Realty Trust For $40.8M

The retail property located at 165 North Illinois St in Fairview has been sold. The transaction took place on 06/08/2022 and was facilitated by brokers Michael Nieder and Clinton Mitchell from JLL. The property, with a total area of 272,060 square feet, was purchased by Jenel Real Estate from the seller, Acadia Realty Trust, for a total sale price of $40,800,000. This translates to a price per square foot of $150.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $40,800,000
• Address: 165 North Illinois St
• Market: Fairview

The buyer, Jenel Real Estate, acquired the property in the deal. The seller, Acadia Realty Trust, represented by brokers Clinton Mitchell and Michael Nieder from JLL, facilitated the transaction.