Retail N Illinois
HFF sells Chicago retail property

HFF sells Chicago retail property

Holliday Fenoglio Fowler, L.P. (HFF) has sold Kingsbury Center, a 53,079-square-foot urban retail center located in Chicago’s vibrant North and Clybourn retail corridor. The HFF team marketed the property for the seller. Westwood Financial purchased the asset and assumed an existing securitized loan.

Retail N Illinois
(From left to right): Forrest Bailey, president and CEO, Draper and Kramer; Kelly Powers Baria, director of business development, Powers & Sons Construction Company; Joe Koss, president and CEO, Culver’s; Sophia King, 4th Ward alderman; Baron Waller, Culver’s franchise owner, with his wife, Janeen Waller, brother, Byron Waller, and nephew and business partner Bryon Waller; Marcia Nicholson, senior business banker, Urban Partnership Bank; Gordon Ziegenhagen, vice president, Draper and Kramer and Craig Culver, co-founder, Culver’s.

Draper and Kramer brings Chicago’s first Culver’s to Bronzeville neighborhood

Full-service real estate firm Draper and Kramer, Inc. cut the ribbon on a Culver’s restaurant—the first in the city—at their Lake Meadows Market retail center in Chicago’s Bronzeville neighborhood. Among those attending the grand opening were Culver’s Co-Founder Craig Culver, Culver’s President and CEO Joe Koss, Chicago 4th Ward Ald. Sophia King, the Draper and Kramer development team and multiple project and community partners.

Retail N Illinois
Starbucks will install a flagship Reserve Roastery on Chicago’s Mag Mile

Starbucks will install a flagship Reserve Roastery on Chicago’s Mag Mile

Starbucks plans to open a Reserve Roastery in Chicago next year, the third in the nation after Seattle’s, which opened in 2014 and one in New York which will open later this year. The location, at the corner of Michigan Avenue and Erie Street, is currently the marquee retail location for Crate and Barrel, which plans to move out on January 24 following news that they plan to lease office and production space in The Fields in Logan Square.