Newport Capital Partners Acquires Retail Property In Chicago For $29M

Located at 2731 N. Elston Ave in Chicago, this retail property was recently sold in a transaction facilitated by Joe Girardi, Emily Gadomski, and Derrick McGavnic. The buyer, Newport Capital Partners represented by Derrick McGavnic, acquired the property from the seller, Novak Construction Company. The deal was brokered by Joe Girardi and Emily Gadomski from Mid-America Real Estate Corp.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $29,000,000
• Square Footage: 56,000
• Price per Square Foot: $518

This transaction involved an exchange of ownership for the retail property located at 2731 N. Elston Ave in Chicago. Joe Girardi and Emily Gadomski from Mid-America Real Estate Corp facilitated the deal on behalf of the seller, Novak Construction Company. The buyer, Newport Capital Partners, was represented by Derrick McGavnic. The property spans 56,000 square feet, with a sale price of $29,000,000, resulting in a price per square foot of $518.