Peerless Development & Honore Properties Acquire Retail Asset In Chicago For $19.5M

The property asset involved in the transaction is a retail space located at 1415 North Kingsbury Street in Chicago. The total sale price for the asset is $19,500,000, encompassing a square footage of 53,910, which results in a price per square foot of $361.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $19,500,000
• Address: 1415 North Kingsbury Street
• Market: Chicago
• Buyer: Peerless Development & Honore Properties
• Seller: Westwood Financial
• Brokers: Danny Spitz & Arjav Patel - Greenstone Partners
• Finance: Dean Giannakopoulos - Marcus & Millichap Capital Corporation
• Square Footage: 53,910
• Price Per Square Foot: $361

The key individuals involved in this transaction include the buyers, Peerless Development & Honore Properties, and the seller, Westwood Financial. Representing the buyers in this deal are brokers Danny Spitz and Arjav Patel from Greenstone Partners, while the financing aspect is handled by Dean Giannakopoulos from Marcus & Millichap Capital Corporation.