Sandy Sigal Of NewMark Merrill Companies Acquires Lake Meadows Shopping Center From Todd Bancroft

The property involved in the transaction is the Lake Meadows Shopping Center, a retail asset located at the corner of South Martin Luther King Drive and East 35th Street in Chicago's Bronzeville neighborhood. The asset spans 179,106 square feet and is situated on 16 acres. The retail center is currently 85% leased and anchored by a Jewel-Osco supermarket.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: Corner of South Martin Luther King Drive & East 35th Street
• Market: Chicago
• Asset Size: 179,106 SF
• Acres: 16
• Buyer: Sandy Sigal - NewMark Merrill Companies
• Seller: Todd Bancroft - Draper and Kramer
• Brokers: Michael Nieder, Brian Page & John Dettlaff - JLL

The deal involved Sandy Sigal representing NewMark Merrill Companies in acquiring the property from Todd Bancroft of Draper and Kramer. The transaction was facilitated by brokers Michael Nieder, Brian Page, and John Dettlaff from JLL Capital Markets. Debt for the acquisition was provided by a family foundation.