Bisnow: This Week’s Chicago Deal Sheet – Vesta Lofts
The downtown investment market slowed down considerably in the past year, but some properties in the right areas can still find buyers. Vesta Lofts, a 59-unit mixed-use property in Chicago’s South Loop, developed by JK Equities, just sold for $27M. The sale included the building at 125 East 21st St., and an adjacent parking lot.
“This transaction is the largest multifamily sale in the South Loop since March 2019, demonstrating growing investor interest in the area around McCormick Place,” Interra Realty Managing Partner Lucas Fryman said.
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