CHICAGO-White Plains, New York-based Acadia Realty Trust has purchased Trader Joe's, Express and Urban Outfitters stores in Lincoln Park. The 651-671 W. Diversey Parkway retail property, which measures 44,000 square feet, was redeveloped by a venture of M Development LLC's Mark Hunt and Structure Management Midwest LLC's Fred Latsko.
Acadia paid $28.4 million for the Lincoln Park property in May. The retail real property investment firm paid $31.6 million in April for a small strip center in the Heritage condominium tower.For the full story, go to Crain's Chicago Business.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
