CHICAGO—Kiser Group, a Chicago-based firm, justbrokered the sale of the Germania Club building, a40,634-square-foot mixed-use building on the NationalRegister of Historic Places at 108 W. Germania Pl. TheGold Coast landmark fetched $7.89 million, Kiser officials say.
Although the brokers would not disclose the buyer or seller,Cook County property records show that the building was sold by NewHyde Park, NY-based Kimco Realty Corp. toBuffalo Grove Fresh Farms LLC, part of BuffaloGrove, IL-based Svigos Asset Management, whichhelps develop Fresh Farms grocery stores.
“This was an amazing chance to purchase not only a piece ofChicago history, but also a fully stabilized investment property inone of Chicago's best neighborhoods,” says BillBaumann, senior managing director for Kiser. “The asset isvery well-maintained and boasts a mix of stable, long-term tenants.This is only the third time this property has come to market in itsstoried history, making it a very unique opportunity.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
