CHICAGO-A venture of R. P. Fox & Associates has bought a mostly vacant building measuring 42,000 square feet at 2778 N. Milwaukee Ave. for $2.4 million from Samson Management LLC. Gap Inc., which occupies nearly 14,000 square feet, is the only tenant in the four-story building.
The Oak Park-based firm has plans to transform the upper floors of the building into apartments. Chicago-based Essex Realty Group Inc.'s Matthew Welke represented the buyer and Michael Bennett from Newmark Knight Frank's Chicago office represented the seller. For the full story, go to Crain's Chicago Business .
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