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.

See additional coverage of this transaction at:

BisNow: This Week’s Chicago Deal Sheet

REBusiness Online: Interra Realty Negotiates $11.2M Sale of Apartment, Retail Building in Chicago’s Lincoln Park

Chicago Business Journal: Beal Properties buys Lincoln Park mixed-use building