(For more retail coverage, click GlobeSt.com/RETAIL.)
CHICAGO-Lawndale Plaza, a 104,241-sf infill urban shoppingcenter located in the city's west side at 3240 W. Roosevelt Rd.,has been sold for $19 million or $182 per sf. The deal wasnegotiated by Marcus & Millichap Real Estate InvestmentBrokerage Co. John Riser, a senior director in Marcus &Millichap's National Retail Group in Indianapolis, and DemetrieLivaditis, a retail investment specialist based in the Chicagooffice, represented both parties in the transaction.
Built in 1999, tenants in the center include anchor Dominick'sFiner Foods, Foot Locker, Starbucks, Hollywood Video, PaylessShoeSource, Subway and other retailers. Situated on the corner ofWest Roosevelt Road and Homan Avenue, the property is 0.4 milessouth of the Eisenhower Expressway.
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