Wednesday, January 22, 2014

HFF closes sale of Shops at 95th & Cicero in Chicago, IL


Shops at 95th & Cicero, Evergreen Park/Oak Lawn Neighborhood, Chicago, IL

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 CafĂ© 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. 

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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