Denis Rodger Of United Properties Corp Acquires Bishop Plaza In Chicago For $11.5M

The retail asset involved in the sale is located at 1400-1422 West 47th Street, Chicago, IL, and consists of 76,075 square feet. The sale price was $11,500,000, translating to a price per square foot of $151. This property, known as Bishop Plaza, is anchored by tenants such as Burlington Coat Factory, CSL Plasma, and University of Illinois Health Services. It was listed for sale for the first time in over 30 years since its development.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,500,000
• Buyer: Denis Rodger - United Properties Corp
• Seller: James Matanky - Matanky Realty Group
• Buyer’s Representative: Anthony Manni - Legacy Real Estate Advisors
• Square Footage: 76,075
• Price per Square Foot: $151

Anthony Manni, serving as a Senior Advisor at Legacy Real Estate Advisors, facilitated the transaction on behalf of buyer Denis Rodger. Manni has expressed satisfaction with the addition of this generational asset to United Properties Corp's portfolio, noting its significance as the first listing since its original development three decades ago.