Tuesday, May 3, 2016

Structured Development Completes Sale of 224,000-Square-Foot Blackhawk on Halsted Mixed-Use Development in Lincoln Park, IL

Blackhawk on Halsted, 1460 North Halsted Street, Lincoln Park Neighborhood, Chicago, IL

CHICAGO, IL (May 3, 2016) – Chicago-based Structured Development today announced it has completed the sale of Blackhawk on Halsted, the firm’s 224,000-square-foot mixed-use development at 1460 N. Halsted St. in Lincoln Park, to a foreign institutional investment fund represented locally by LaSalle Investment Management.

Completed in 2009, the fully leased retail and medical office property consists of three structures: an 82,901-square-foot building that houses the British School of Chicago, whose lease runs through 2040; an adjacent mixed-use building that includes 48,016 square feet of retail and 93,287 square feet of medical office space; and a 550-vehicle parking garage with an additional 48,016 square feet of ground-level retail.

“This property is located in the epicenter of the expanding Clybourn Corridor, where our firm has completed several projects over the last 15 years, including the NEWCITY mixed-use development across the street from Blackhawk on Halsted,” said Daniel Lukas, principal and co-founder of Structured Development.

“While we highly value the Blackhawk on Halsted property, we determined it to be in our investors’ best interest to sell this asset and redeploy the equity into new development opportunities in the neighborhood.”

For a complete copy of the company’s news release, please contact:   

Sara Williams, swilliams@taylorjohnson.com, 312-267-4510
Abe Tekippe, atekippe@taylorjohnson.com, 312-267-4528


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