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Oak St. Corridor Sees First Sale Since 2016
Mid-America Real Estate Corporation’s investment sales team has brokered the sale of 118-120 E. Oak St., Ill. The $23-million sale reportedly ended a two-year hiatus in investment property sales along this stretch of Oak Street.
Chicago-based L3 Capital, which has made other acquisitions in the Oak Street luxury district, bought the 10,141-square-foot center. It’s occupied by the Northern Trust Corporation.
Mid-America principals Joe Girardi and Stan Nitzberg were the exclusive brokers in the transaction on behalf of a private seller. Citing county property records, Crain’s Chicago Business identified the seller as an affiliate of MacMunnis, an Evanston, IL business providing lease administration software and services.
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- ◦Sale/Acquisition
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