Retail N Illinois
Sterling Organization acquires retail property off of Mag Mile

Sterling Organization acquires retail property off of Mag Mile

Sterling Organization, a private equity real estate investment firm headquartered in Palm Beach, Florida, has acquired 10,051 square feet of vacant retail space at 110 E. Pearson Street in Chicago’s world-renowned “Magnificent Mile” shopping district. The asset was purchased on behalf of Sterling Organization’s institutional fund Sterling Value Add Partners II, LP for $15.1 million. The seller, Levy Restaurants, was represented by Derrick Almassy and George Good of CBRE.

Retail N Illinois
New restaurant concept coming to Chicago River

New restaurant concept coming to Chicago River

Lettuce Entertain You Enterprises has signed a lease for more than 38,000 square feet of retail space at 321 North Clark Street, a Class A office building undergoing a major renovation in Chicago’s River North. The project came about as a joint venture between Hines, Diversified Real Estate Capital and American Realty Advisors.