Net-Leased Signature Bank Trades in Edison Park

Marcus & Millichap arranged the sale of a 4,000-square-foot net-leased Signature Bank in the North Side’s Edison Park neighborhood. The property sold for $2,400,000.

Mitchell Kiven and Bennet Kamps, both with Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller, a prominent developer based in Chicago. They also secured the buyer, a private investor based in Omaha.

This Signature Bank is located at 7292 W. Devon Ave. and is home to more than $550 million in deposits. It had been marketed by a local broker for nearly two years before Kiven and Kamps took on the assignment.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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