Fundamental Income Acquires Retail Property In Chicago For $30M

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.