SOLD
Fundamental Income Acquires Retail Property In Chicago For $30M
632 North Dearborn Street
Retail
34,000 SF
34,000 SF
Sold 1 year ago
Summary
Sale
ILLINOIS
Retail
34,000 sqft
The retail property located at 632 N. Dearborn St in Chicago was recently sold for a price of $30,000,000. With a total area of approximately 34,000 square feet, the property was purchased by Fundamental Income, represented by Alexi Panagiotakopoulos. The sale price equates to a price per square foot of $882.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $30,000,000
- Address: 632 N. Dearborn St
- Market: Chicago
The buyer's representative in this transaction was Matt Menna from Sterling Bay Capital Advisers LLC, while Michael Marks from Cushman & Wakefield also assisted as a broker. The tenant of the property is Tao Group, represented by Jason Strauss and Noah Tepperberg.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: Jason Strauss, Matt Menna, Alexi Panagiotakopoulos, Michael Marks & Noah Tepperberg
DATE: 05/25/2022
ADDRESS: 632 N. Dearborn St
MARKET: Chicago
ASSET TYPE: Retail
BUYER: Fundamental Income (@Fundamental_Income) - Alexi Panagiotakopoulos
BROKERS: Matt Menna - Sterling Bay Capital Advisers LLC (@SterlingBay); Michael Marks - Cushman & Wakefield (@CushWake)
TENANT: Tao Group - Jason Strauss & Noah Tepperberg
SALE PRICE: $30,000,000
SF: 34,000 ~ PPSF: $882View on map
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Address632 North Dearborn Street
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