X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HIGHWOOD, IL-A 6,400-sf Fort Sheridan retail center has been sold in this North Shore suburb for $968,000. Meanwhile, $3.45 million is being sought for the 27,686-sf Bay Ridge Court shopping center further up the coastline in Waukegan.

The brick-and-stucco shopping center at 742 N. Sheridan Rd., across from the entrance to a redeveloped Fort Sheridan US Army base, has been acquired by Dae Kim and Andrew Kang of Northbrook, who intend to set up a shop themselves at their new property formerly owned by S & L Property Management Co.

Susan Valle of Inland Real Estate Sales, Inc. represented S & L Property Management Co. while Dan Choi of CHA Realty handled negotiations for the buyers.

Tom Vincent of Sperry Van Ness is representing the seller of Bay Ridge Court, which is being offered at a 9.71% capitalization rate.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.