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2006 : Baum Realty Group, Inc. Completes Bucktown Retail Sale Valued at $3.3 million April 27, 2006 Baum Realty Group, Inc. represented both the buyer and the seller in the sale of Edison Place Retail Center a 10,450 square foot retail space including 10 parking spots located at 1669-1681 Milwaukee Ave., Chicago, Ill. Chad Firsel, Vice President, Baum Realty Group, Inc., completed the transaction valued at $3.3 million. The Edison Place Retail Center is currently 100 percent occupied. Long-term tenants of the Center include Prime Financial and Hair Cuttery. Edison Place Retail Center is located in the heart of Bucktown, a borough on the northwest side of Chicago, in an area with high pedestrian traffic and supported by public transportation serving the area. The immediate area around the property is comprised of national, regional and local tenants. A new Chicago Public Library branch is located across the street, as well as Scoop NYC, a 10,000 square foot high-end clothing store. “Edison Retail Center is situated in Chicago’s rapidly appreciating Bucktown neighborhood. The Milwaukee Avenue corridor is a satisfying and complete shopping experience served by high-end local and national retailers. This center represented an attractive investment opportunity because of its stable occupancy and future rent growth,” Firsel said. |
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1030 W. Chicago Avenue :: Suite 200 :: Chicago, IL :: 60642 :: P: 312.666.3000 :: F: 312.666.7970 :: info@baumrealty.com |
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