LOMBARD, ILL. — The Boulder Group has brokered the $4.2 million sale of a 10,682-square-foot restaurant property occupied by Uncle Julio’s in the Chicago suburb of Lombard. The single-tenant building is located at 2360 Fountain Square Drive. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based developer. The buyer was a private investor from Illinois. Headquartered in Irving, Texas, Uncle Julio’s is a chain of Mexican restaurants.
CHICAGO — Berkadia has negotiated the sale of Midpointe Apartments in Chicago for an undisclosed price. The 423-unit, garden-style multifamily property was built in 1973 and extensively upgraded over the last 10 years. Amenities include an outdoor pool, fitness center, dog park, fire pit and outdoor gas grilling areas. Ralph DePasquale of Berkadia represented the seller, an institutional investor. An affiliate of California-based Turner Impact Capital was the buyer.
SCHAUMBURG, ILL. — Specialty candy retailer IT’SUGAR has relocated its store at Woodfield Mall in Schaumburg to a 5,600-square-foot storefront, nearly double the size of its previous location. The Woodfield Mall location is the retailer’s fifth store in the Chicago market and offers more than 300 candy bins. Alongside its candy offerings, IT’SUGAR also features immersive candy displays from brands such as Sour Patch Kids, OREO, Nerds, Skittles, Reese’s and Starburst.
CHICAGO — Colliers has arranged the sale of a 140,310-square-foot distribution center fully leased to Whole Foods Market in Chicago for an undisclosed price. Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, Ryan Cos. US Inc. Built in 2017 by Ryan, the property at 716 E. 111th St. services Whole Foods locations in the Chicago area and throughout the Midwest and Canada. Metzler Real Estate advised the buyer, an offshore investor.
CHAMPAIGN, ILL. — Marcus & Millichap has brokered the $5.1 million sale of Champaign Station, a six-suite retail strip center in Champaign. Built in 2007, the 21,152-square-foot property is fully leased to a mix of restaurant and service-oriented tenants. The asset is shadow anchored by Menards and adjacent to Market Place Shopping Center. Alex Perez and Chris Garavaglia of Marcus & Millichap represented the seller, a private equity group, and procured the buyer, a private equity group based out of North Carolina. The duo previously brokered the sale of the property in 2020.
CHICAGO — Baum Realty Group LLC has arranged the sale of an 18,000-square-foot retail portfolio in Chicago’s Andersonville neighborhood for an undisclosed price. Wayland Real Estate Capital purchased the buildings, which are located at the northwest corner of Clark Street and Berwyn Avenue. The portfolio features four contiguous properties that are fully leased. Tenants include Starbucks, Potbelly Sandwich Works, Jeni’s Splendid Ice Creams, Ranalli’s of Andersonville, AlleyCat Comics and Lonesome Rose. The weighted average lease term is nearly eight years. Ari Topper, Tyler Dechter and Owen Wiesner of Baum represented the seller, a local investor.
CHICAGO — Interra Realty has negotiated the sales of two multifamily properties in Chicago for a total of $4.7 million. A 16-unit building at 6405 N. Wayne Ave. in the Rogers Park neighborhood sold for $3.4 million and a five-unit rental property at 1933 S. May St. in the Pilsen neighborhood traded for $1.3 million. Brad Feldman of Interra represented both the buyer of 6405 N. Wayne, a Chicago-based private investor, and the seller, a local real estate partnership that Feldman also represented in the original acquisition in 2022. Feldman and colleague Jeremy Morton represented both the confidential seller of 1933 S. May and the seller, a local developer. Located within walking distance of Loyola University and originally constructed in 1929, 6405 N. Wayne was significantly refurbished in 2022. The property at 1933 S. May received a gut renovation in 2021. Both buildings were fully leased at the time of sale.
URBANA, ILL. — JLL Capital Markets has arranged the sale and financing of Campus Circle, a 524-bed student housing community in Urbana near the University of Illinois Urbana-Champaign. Scott Clifton, Kevin Kazlow and Jack Goldberger of JLL represented the seller, an affiliate of Blue Vista Capital Management LLC. Jake Wisness, Dan Kearns, Mike Brady, Sam Tarter and Bill Maloney of JLL originated a five-year, fixed-rate acquisition loan through Freddie Mac on behalf of the buyer, Horizon Realty Advisors. Campus Circle, located at 1010 W. University Ave., is within walking distance of the College of Engineering and the university’s Main Quad.
CHICAGO — Kiser Group has negotiated the $17.4 million sale of 5411 N. Winthrop, a multifamily property in Chicago’s Edgewater neighborhood. The asset, which was 99 percent occupied at the time of sale, underwent a full renovation in 2013. Jacob Price and Katie LeGrand of Kiser brokered the sale. Chicago-based Becovic Residential was the buyer. The property went under contract within a month of listing.
CHICAGO — Mid-America Real Estate Corp. has brokered the sale of a 17,706-square-foot retail property occupied by The Fresh Market in Chicago’s Lincoln Park neighborhood. The sales price was undisclosed. The grocery store is located at the corner of Halsted Street and Diversey Parkway. Joe Girardi and Nick Kohlmann of Mid-America represented the seller, and the asset sold to a private buyer.
