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

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:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 919 North Michigan Avenue
• Market: Chicago, IL
• Buyer: Timothy Phair & Domenic Lanni - L3 Capital
• Seller: William Huffman - Nuveen

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.