NKF Arranges Sale of 26,700 SF Historic Building, Development Site in Chicago

by Kristin Harlow

CHICAGO — Newmark Knight Frank (NKF) has arranged the sale of a 106-year-old building and development site on Milwaukee Avenue in Chicago. The sales price was not disclosed. The site comprises a five-story, 26,700-square-foot building and 11,000 square feet of neighboring land. Jim Cummings and Brian Carroll of NKF represented the seller, Hollander Holdings LLC, a manufacturer of house furnishings. The Hollander family had owned the building ever since its construction in 1912 and used the property for storing archives. The buyer, GW Properties, plans to restore the building and develop a mixed-use property with office and retail space on the ground floor. Redevelopment plans also call for an apartment building.

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