Local Private Investor Acquires 37,615 Square Foot Retail Property In Chicago For LLJ Ventures

The retail property located at 2021–2063 North Clark Street in Chicago, IL, features a total square footage of 37,615. It is part of the Lincoln Park area, which is known for its vibrant community and commercial activity. This asset benefits from its anchor tenants, including PNC Bank, Starbucks, RJ Grunts, and Lincoln Park Preschool, along with a seven-year weighted average lease term that presents stability and potential additional value through lease-up or adaptive reuse of its second floor.

The deal was successfully orchestrated by Mid-America Real Estate Corporation, representing LLJ Ventures. The acquisition involved a local private investor who recognized the value of the Lincoln Park West property and its potential for growth in the competitive Chicago retail market.