CHICAGO-Acadia Realty Trust has inked a deal to acquire 19 street-level stores located across the Lincoln Park and Gold Coast for $81 million, which includes $28 million debt on the properties. Fred Latsko, a principal of Structure Management Midwest LLC based in Chicago, is the seller of the North Side retail properties totaling 135,000 square feet.
This is Acadia's third deal in the Chicago region. In its previous deals, the company paid $28.4 million and $31.6 million for two retail assets in Chicago. For the full story, go to Crain's Chicago Business .
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