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1 North State Street

Updated Dec 19, 2025

Namdar Realty Group And Mason Asset Management Acquire Retail Asset From LNR Partners For $8.3M
SOLDRetail

Namdar Realty Group And Mason Asset Management Acquire Retail Asset From LNR Partners For $8.3M

1 North State Street

$8,300,000

$48/SF

Building Size

170,507 SF

Asset Type

Retail

Closing

Dec 16, 2025

About this deal

AI

The retail asset located at 1 North State Street in Chicago, IL, has changed hands for a transaction amount of $8,300,000. The property encompasses a total square footage of 170,507, which equates to a price per square foot of $48.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,300,000
  • Address: 1 North State Street
  • Market: Chicago, IL
  • Square Footage: 170,507
  • Price Per Square Foot: $48
  • Buyer: Namdar Realty Group + Mason Asset Management
  • Seller: LNR Partners - Barry Sternlicht
  • Broker: Paul Barile - Transwestern

Key individuals involved in the transaction include representatives from Namdar Realty Group and Mason Asset Management as the buyers, alongside Barry Sternlicht representing LNR Partners as the seller. The brokerage services for this transaction were provided by Paul Barile from Transwestern.

On the Map

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$8,300,000

$48/SF

Retail

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Players

Paul Barile

Transwestern

Broker

$24.5M

vol

6 deals

Broker
Transwestern
TranswesternBrokerage
Namdar Realty Group
Namdar Realty GroupBuyer
Barry Sternlicht

Barry Sternlicht

LNR Partners

Seller

$10.7B

vol

50 deals

Seller
Bilt advertisement

Chicago Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $48 per square foot on a published $8.3M for 170,507 square feet (2025).

Visit Barry Sternlicht to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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