November 18, 2019 Comments Off on STRS Ohio Picks-Up Value-Add Retail in the Loop Views: 568 Chicago News, Downtown

STRS Ohio Picks-Up Value-Add Retail in the Loop

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CBRE recently represented North Clark Properties LLC in the sale of a mostly vacant, 52,034-square-foot retail property at 201 N. Clark in the Loop. The buyer was State Teachers’ Retirement System of Ohio.

Keely Polczynski and Marcello Campanini of CBRE represented ownership in the listing. STRS Ohio’s Steve Janowiak coordinated the transaction for the buyer.

Located at the corner of Clark and Lake streets, the property includes an open-air courtyard and contains 20,755 square feet on the ground-floor, 18,991 square feet on the second-floor and a 12,288 square foot fitness center on the third-floor. The land is 20,755 square feet.

“This is a wonderful value-add property,” said Polczynski. “With this location, direct access to one of the busiest L stations in all of Chicago, the daytime population and the surrounding amenities, it will appeal to myriad uses—including office, retail, food and beverage.”

Connect With CBRE’s Polczynski

Connect With CBRE’s Campanini

Connect With STRS Ohio’s Janowiak

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