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4660 West Irving Park Road
SOLD

NewMark Merrill Acquires Marketplace At Six Corners From DRA Advisors For $22.4M

4660 West Irving Park Road

Retail
116,941 SF
clock iconSold 39 days ago
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Summary

Sale
ILLINOIS
Retail
116,941 sqft

The sale involved the Marketplace at Six Corners, a 116,941-square-foot grocery-anchored urban shopping center located at 4660 West Irving Park Road in Chicago. The property was acquired by Sandy Sigal of NewMark Merrill from David Luski of DRA Advisors for $22.4 million, with a price per square foot of $192.

Summary of transaction details:

Rick Drogosz from Mid-America Real Estate Group represented the seller, DRA Advisors, in the transaction. The acquisition was financed with a $14.9 million loan from United Omaha Life Insurance Co. The property, managed by Pine Tree at closing, offers a mix of credit tenancy and near-term value-add opportunities.

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Rick Drogosz's profile picture
Rick Drogosz
Mid-America Real Estate Group-image
Principal
$190.4M Sold

Details

Deal Summary
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SOLD
IMAGE: Rick Drogosz, Sandy Sigal & David Luski DATE: 04/12/2024 ADDRESS: 4660 West Irving Park Road MARKET: Chicago ASSET TYPE: Retail ~ ACRES: 10 BUYER: Sandy Sigal - NewMark Merrill (@NewMarkMerrillCompanies) SELLER: David Luski - DRA Advisors BROKER: Rick Drogosz - Mid-America Real Estate Group (@MidAmerica_RE) LENDER: United Omaha Life Insurance (@MutualofOmaha) SALE PRICE: $22,400,000 SF: 116,941 ~ PPSF: $192 NOTE: DRA Advisors sold Marketplace at Six Corners, a 116,941-square-foot grocery-anchored urban shopping center in Chicago, to NewMark Merrill for $22.4 million. The acquisition was financed with a $14.9 million loan from United Omaha Life Insurance Co., with representation by Mid-America Real Estate Corp. Principal Rick Drogosz, and managed by Pine Tree at closing, the property boasts a mix of credit tenancy and near-term value-add opportunities. Group

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Address4660 West Irving Park Road

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