CHICAGO – Newcastle Limited has acquired a five-asset retail portfolio in Chicago’s Wicker Park neighborhood in an all-cash deal for $16.2 million. Danny Spitz and Greg Dietz of Baum Realty represented the seller in the transaction.
The 28,000 s.f. portfolio consists of four contiguous retail properties located at 1519, 1521, 1525 and 1529 N. Milwaukee Avenue, and a two-story, freestanding building located at 1455 N. Milwaukee Avenue. The properties’ tenants include Urban Outfitters, Citibank, Crossroads Trading Co., Chrome, and G-Star Raw.
The properties are located two blocks from the six-way intersection of Damen, Milwaukee and North Avenues and the Damen CTA station.
Newcastle Limited is a real estate investment firm that acquires, develops and owns urban retail and multi-family properties in Chicago. An entrepreneurial investor with institutional backing, the firm can deploy large amounts of capital and close transactions quickly. To learn more about Newcastle, call Mike Haney, CEO, at (312) 252-1401 or visit the company’s website at www.newcastlelimited.com.