Hines Acquires Jewel Osco Shopping Center In Wicker Park Chicago For $70 Million From DWS Asset Management

The property asset involved in this transaction is a retail space located at 1341 North Paulina Street in Chicago, IL. It is anchored by a Jewel Osco supermarket and has a sale price of $70,000,000. The property was previously acquired by DWS Asset Management in 2015 for $94 million and is positioned within the Wicker Park market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $70,000,000
• Buyer: Jeffrey C. Hines & Laura Hines-Pierce - Hines
• Seller: Stefan Hoops - DWS Asset Management
• Acquisition Date: 06/30/2026

Jeffrey C. Hines and Laura Hines-Pierce, representing Hines, acquired the shopping center from Stefan Hoops, who represented DWS Asset Management in the deal. This acquisition enhances Hines' portfolio of grocery-anchored retail centers, following their recent purchases in other markets such as Indianapolis and Los Angeles.