L3 Capital Acquires Retail Center At 3030 North Broadway In Chicago For $50.1 Million

The retail center located at 3030 North Broadway in Chicago was acquired by L3 Capital for $50.1 million. The property spans 132,000 square feet and is anchored by Mariano’s. The transaction involved a five-story structure in a prominent Chicago market, with a price per square foot of $380.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $50,100,000
• Buyer: Domenic Lanni & Timothy Phair - L3 Capital
• Seller: David Lukes - SITE Centers
• Brokers: Ben Wineman & Joe Girardi - Mid-America Real Estate Group
• Square Footage: 132,000
• Address: 3030 North Broadway
• Market: Chicago

Ben Wineman and Joe Girardi from Mid-America Real Estate Group represented the buyer and seller in this transaction. The deal highlights the continued interest in retail assets within the Chicago market, emphasizing a strong demand for well-located properties.