CIM BUYS 5-STORY RETAIL CENTER IN CHICAGO

CHICAGO — CIM Group has acquired Block 37, a five-story retail center on the State Street corridor in Chicago's Central Loop, for an undisclosed amount. The 275,000-square-foot retail center is located directly across the street from Macy's State Street, the second largest department store in the nation. Tenants include Anthropologie, Sephora, Disney and Zara. The retail center is approximately 30 percent leased and CIM plans to lease the balance of the building to national and local retailers.