CHICAGO-A real estate investment trust has acquired Lululemon Athletica Inc.'s store in Gold Coast for $20.7 million. Cook County records revealed that White Plains, New York-based Acadia Realty Trust purchased the 2,930-square-foot store at 930 N. Rush St. for $7,065 per square foot from a venture that includes Fred Latsko and Don Wilson.
The sale is a big gain for Latsko, who purchased the old Gino's pizzeria site in 2008 for $8.25 million and spent additional $2 million to develop the store in 2009. 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.
