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| Shops at 95th & Cicero, Evergreen Park/Oak Lawn Neighborhood, Chicago, IL |
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| Amy Sands |
CHICAGO, IL - HFF announced today that it has closed the
sale of the Shops at 95th & Cicero, a 77,468-square-foot retail
center in Chicago.
HFF represented the seller in the transaction to ACF
Property Management, Inc. arranged by GDA Companies who purchased the asset
free and clear of debt.
The Shops at 95th & Cicero is located in Chicago’s
Evergreen Park/Oak Lawn neighborhood, which is a first ring suburb of Chicago
about 15 miles south of the city center.
Renovated in 2006,
the property is 100 percent leased to tenants including Sports Authority,
Staples, Men’s Wearhouse, Corner Bakery Café and Verizon.
The HFF investment sales team representing the seller was
led by associate director Amy Sands and director Daniel Kaufman.
“The Shops at 95th & Cicero has arguably the best retail
location within its submarket, situated at the intersection of 95th Street and
Cicero Avenue. The intersection sees
the highest daily traffic counts along Cicero Avenue,” said Sands.
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| Daniel Kaufman |
“In addition, the property benefits from its dense infill
location with over 500,000 people within a five-mile radius of the property,”
said Kaufman.
GDA
Companies is a commercial real estate acquisitions company based in Greenwood
Village, Colorado that owns and operates more than 84 properties in Arizona,
California, Colorado, Oregon, Washington, South Carolina, Ohio, Georgia,
Kansas, Missouri and Texas.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-338-1572 | cel
617.543.4873 | www.hfflp.com
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