ConnectCRE: Interra Brokers $11M Sale of Mixed-Use Apartment in Lincoln Park
CHICAGO, IL – Interra Realty has brokered the $11.25 million sale of a 35-unit mixed-use property at 2200 N. Clark St. in Chicago’s Lincoln Park neighborhood. The building, which includes 28 apartments and seven retail spaces, traded for $321,428 per unit.
Interra Senior Managing Partner Joe Smazal, Senior Managing Partner Brad Feldman and Managing Partner Craig Martin represented the seller, a local real estate investment firm that deploys institutional capital. Interra also procured the buyer, Beal Properties, a Chicago-based private office owned by Bill Silverstein. The property was fully occupied at the time of sale.
Read the complete article at ConnectCRE.