Fred Latsko Buys Former Ultimo Store on Oak Street

By GlobeSt News Hub

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CHICAGO-Fred Latsko has purchased the former Ultimo store at 116 E. Oak St. for $7.4 million. The Chicago investor has already secured a tenant for the Oak Street building.

Lanvin, a Parisian fashion house, has leased the 6,000-square-foot building for 10 years. It has five locations in the US. Sara Albrecht was the previous owner of the Ultimo building. Ultimo opened on the Oak Street building in 1969 and it moved out from the location in 2010. For the full story, go to Crain's Chicago Business .

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Categories: Midwest, Sales, Acquisitions/Dispositions, Leasing, Scope, Chicago