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Timothy Phair & Domenic Lanni Of L3 Capital Acquire Retail Space From William Huffman Of Nuveen

Property Image
SOLD
DL
William (Bill) Huffman
TP

Illinois

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Retail51,795 SF
Sold 06/10/2026
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Property Image
SOLD

Timothy Phair & Domenic Lanni Of L3 Capital Acquire Retail Space From William Huffman Of Nuveen

919 North Michigan Avenue

See Similar Deals
Retail51,795 SF
Sold 06/10/2026
DL
William (Bill) Huffman
TP
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:51,795 SF
Transaction Type:Sale

A retail asset consisting of approximately 51,795 square feet is located at 919 North Michigan Avenue in Chicago, IL. The property is part of the Palmolive Building and includes space occupied by Louis Vuitton. The sale is currently under contract with terms not disclosed.

Summary of transaction details:

This acquisition by L3 Capital represents an expansion of their presence in Chicago’s luxury retail corridor. The transaction occurs amid a resurgence in retail activity along the Magnificent Mile, with new retailers and redevelopment projects fostering increased investment interest in the area.

Players

DL
L3 Capital
Domenic Lanni
4 deals$173.5M volume
BUYER
TP
L3 Capital
Timothy Phair
1 deal$50.1M volume
BUYER
William (Bill) Huffman
Nuveen
William Huffman
24 deals$2B volume
SELLER

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Timothy Phair, Domenic Lanni &William Huffman DATE: 06/10/2026 ADDRESS: 919 North Michigan Avenue MARKET: Chicago, IL ASSET TYPE: Retail ~ SF: 51,795 BUYER: Timothy Phair & Domenic Lanni - L3 Capital SELLER: William Huffman - Nuveen (@Nuveeninv) NOTE: L3 Capital is acquiring approximately 51,795 square feet of retail space at the base of the Palmolive Building from Nuveen, including the space occupied by Louis Vuitton. Sale terms were not disclosed.The acquisition expands L3 Capital’s footprint in Chicago’s luxury retail corridor and comes as retail activity along the Magnificent Mile continues to rebound, with new retailers and redevelopment projects driving investment interest in the market.

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