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Greenstone Partners Brokers $6.9M Portage Park MXU Sale
Greenstone Partners announced the retail center at 4066-4080 N. Milwaukee Avenue in the Portage Park neighborhood of Chicago, Illinois, has sold for $6.9 million.
The property features two buildings occupied by medical-related retail tenants, including Athletico Physical Therapy, DentalWorks, America’s Best Contacts and Eyeglasses, and Midwest Express Clinic. Greenstone Partners’ CEO & Managing Partner Danny Spitz and Senior Director Brewster Hague represented the seller, a private investment fund and procured the buyers, a private partnership based in Illinois.
“The national tenant lineup of medical users with dedicated surface parking is one of the many reasons we had strong interest from both local and out-of-state investors,” said Spitz. The multi-tenant medical-retail center features 16,063 gross leasable area on 35,185 square feet of land and includes 41 off-street surface parking spaces.
“At the time of closing, the property was fully occupied, and all of the fundamentals paired with strong demographics made this a compelling investment,” said Hague.
