Ami Ziff, Jonathan Kim And Francis Greenburger Acquire Retail Property In Chicago For $3.9M

The retail property located at 33 South Wabash Avenue in Chicago, IL, was acquired for $3.9 million. This asset spans 7,400 square feet and comprises three units, resulting in a price per square foot of $527 and a price per unit of $1,300,000. The property is fully leased and includes tenants such as Goddess & the Baker, Reckless Records, and Prasino, establishing itself in Chicago’s Jeweler’s Row.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,900,000
• Square Footage: 7,400
• Price per Square Foot: $527
• Units: 3
• Price per Unit: $1,300,000
• Buyer: Ami Ziff, Jonathan Kim & Francis Greenburger - Time Equities
• Seller: Michael Haney - Newcastle Investors
• Broker: Mitchell Kiven (The_Last_Tony_Last) - Marcus & Millichap

The acquisition involved Ami Ziff, Jonathan Kim, and Francis Greenburger representing Time Equities as the buyers, while Michael Haney was the seller on behalf of Newcastle Investors. The transaction was facilitated by Mitchell Kiven of Marcus & Millichap, who acted as the broker for the seller.