Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-Washington Mutual, Curves Fitness and Southport Grocery and Café have taken 8,000 sf formerly occupied by Cooney’s Funeral Home at 3552-56 N. Southport Ave., paying $31 per sf for the space. The going rate for retail space in the hot Southport Avenue corridor is $26 per sf to $28 per sf, reports Century 21 Sussex & Reilly Commercial Properties division manager Karoline Drobny.

Partner Scott R. Maesel and director of retail sales and leasing Chris Irwin represented the limited partnership that acquired the building from Thomas J. Cooney & Sons for $2.07 million last year.

The Southport Avenue corridor, which is only a few blocks west of the long-established upscale Lincoln Park neighborhood on the city’s North Side, has bloomed into a fashionable residential district comparatively recently. In the last few years, a host of retailers, both independent and chain, have set up shop there.

In an unrelated but nearby North Side retail deal, Aerosoles leased 2,400 sf for its first local location at 2052 N. Halsted St. in the Lincoln Park neighborhood. Nicole Paster Putzel and Lorraine Adney of Baum Realty Group represented Aerosoles while property owner Gossamer Inc., was represented by Judy Sullivan of Kerry Development.

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. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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.