Focus Development Acquires Retail Property On Halsted Street In Chicago For $5M

The property at 170 North Halsted St in Chicago, IL, 60661, was acquired for $5,000,000.00. It is a retail asset that will undergo a transformation into a 250k SF office building with 20k SF office floor plates and ground-level retail space.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,000,000.00
• Address: 170 N Halsted St, Chicago, IL, 60661
• Market: Chicago
• Buyer: Focus Development
• Seller: FCA

Scott Maesel of SVN | Chicago Commercial represented a joint venture of Shapack Partners and Focus Development in the acquisition. The property and an additional 20k SF parcel will be repurposed for the development of the new office building, which will feature 20k SF office floor plates and ground-level retail amenities.