Retail Midwest

Chicago's Century Shopping Centre sells for $18.5M

Mid-America Real Estate Corporation’s Investment Sales Group has announced the sale of The Century Shopping Centre in Chicago for $18.5 million to Bon Aviv Investments of Englewood, N.J., a joint venture between two Israel-based companies, Aviv Arion and Bon Investments.

Mid-America Real Estate Corporation’s Investment Sales Group has announced the sale of The Century Shopping Centre in Chicago for $18.5 million to Bon Aviv Investments of Englewood, N.J., a joint venture between two Israel-based companies, Aviv Arion and Bon Investments.

Mid-America’s Ben Wineman and Stan Nitzberg were the exclusive representatives of the seller, Century Mall LLC. The buyer was self-represented.

The 186,349-square-foot six-level urban specialty shopping center is located in Chicago’s Lakeview neighborhood on the intersection of Clark Street and Diversey Parkway. Bally Total Fitness, The Aveda Institute, Landmark Theatres and Victoria’s Secret are among the tenants, with CVS Pharmacy recently signed as a forthcoming anchor.