(Read more on the multifamily market.)
CHICAGO-Terrapin-Taxman LLC has acquired a 79,000-sf developmentsite near the intersection of Madison and Halsted streets here. Thejoint venture between Chicago-based Terrapin Properties LLC and TheTaxman Corp., based in Skokie, IL, acquired the parcel from MBFinancial Bank.
Executive vice president Jim Whittington and assistant vicepresident Jason Gill, both with US Equities, represented MBFinancial Bank in the sale. The sales price was not disclosed. A$100 million retail and condominium project is planned for thesite, says Michael Ezgur, principal with Terrapin Properties.
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