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| Aerial photo by McShane Fleming Studios Clybourn Galleria, Lincoln Park Neighborhood, Chicago, IL |
CHICAGO, IL – – Holliday
Fenoglio Fowler, L.P. (HFF) announces the sale of Clybourn Galleria, a
24,601-square-foot, fully leased, urban retail center in Chicago’s Lincoln Park
neighborhood.
The HFF team
marketed the property on behalf of the seller, Newport Capital Partners.
Westwood Financial purchased the asset. Additionally, the HFF team
brokered the sale of this property to the seller in 2013.
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| Amy Sands |
Clybourn
Galleria is situated on .821 acres at 1841-1847 North Clybourn Avenue, which is
in the heart of the North and Clybourn retail corridor, one of Chicago’s
busiest mixed-use neighborhoods and the dominant retail market serving
Chicago’s north side.
The retail property is surrounded by several of Chicago’s
most affluent North Side neighborhoods, including Old Town, Gold Coast,
Lakeview and Bucktown/Wicker Park.
More than 498,400 residents live within three miles of the
property, and the average household income within a half-mile radius is
$161,671.
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| Clinton Mitchell |
Completed in 2005,
Clybourn Galleria is fully leased to an e-commerce-proof tenant lineup,
including Natuzzi Italla Furniture, Jos. A Bank, SWEAT, Massage Envy, Amazing
Lash, Smartchoice MRI and Red Wing Shoes.
The HFF
investment advisory team representing the seller included senior directors Amy
Sands and Clinton Mitchell.
Newport Capital Partners is an employee-owned, Chicago-based,
boutique real estate investment management firm.
Westwood Financial owns over 70 community shopping centers,
primarily-anchored by top-tier grocers, across 26 U.S. markets including
Dallas, Phoenix, Atlanta, Los Angeles and Charlotte.
CONTACTS:
AMY SANDS
IL Lic. #475.138622
HFF Senior Director
(312) 528-3650
CLINTON MITCHELL
HFF Senior Director
(312) 528-3650
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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