Jason Wiznitzer Of J2 Equities Acquires Retail Property From Mitch Goltz Of GW Properties For $4.8M

The property involved in this transaction is a retail asset located at 2418-2420 North Milwaukee Avenue in Chicago. The sale price for the property was $4,800,000, and it encompasses a total square footage of 33,000, resulting in a price per square foot of $145.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,800,000
• Address: 2418-2420 North Milwaukee Avenue
• Market: Chicago
• Buyer: Jason Wiznitzer - J2 Equities
• Seller: Mitch Goltz - GW Properties
• Broker: Tom Svoboda - CBRE
• Square Footage: 33,000
• Price per Square Foot: $145

J2 Equities acquired the historic Hollander Storage building from GW Properties. After securing entitlements, GW Properties ultimately sold the asset at a loss. CBRE’s Tom Svoboda acted as the broker for this transaction, which will now pave the way for a 62-unit residential redevelopment, including 13,000 square feet of retail space.