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| 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
