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

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:

• Property Type: Retail
• Transaction Amount: $22,400,000
• Acres: 10
• Market: Chicago
• Buyer: Sandy Sigal - NewMark Merrill
• Seller: David Luski - DRA Advisors
• Broker: Rick Drogosz - Mid-America Real Estate Group
• Lender: United Omaha Life Insurance

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.