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| Clybourn Galleria aerial, Chicago, IL |
CHICAGO, IL - HFF announced today that it has been selected
to market the sale of Clybourn Galleria, a 25,301-square-foot, high
street retail center in downtown Chicago.
HFF is marketing the property on behalf of the seller, an
affiliate of Greenstreet Real Estate Partners LP, for an undisclosed amount
free and clear of debt.
Clybourn Galleria is located in the heart of the Clybourn
Corridor in Chicago’s Lincoln Park neighborhood.
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| Daniel Kaufman |
Built in 2003, the property is 91.4 percent leased to specialty
retailers such as Ann Taylor LOFT, Jos. A. Bank and Massage Envy. The property also includes 74 rooftop
parking stalls for customer use.
The HFF investment sales team representing the seller is led
by director Daniel Kaufman and associate director Amy Sands.
“The North & Clybourn submarket is the most recognized
urban retail corridor in Chicago’s north side where industry leaders such as
Whole Foods and Apple have recently completed flagship stores,” said
Kaufman.
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| Amy Sands |
“This asset offers investors an excellent opportunity to buy
into a rapidly growing area with a proven history of strong performance in the
marketplace,” commented Sands.
Greenstreet Real Estate Partners, LP is an investment and
asset management company operating throughout the United States.
Greenstreet was established in 2000 to
invest its principals’ capital and has acquired more than $1.5 billion in real
estate assets since its inception.
Additionally, Greenstreet provides asset management and development
services to support Knowledge Learning Corporation, the nation's leading
provider of early childhood education centers.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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