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Essex Realty Group is marketing for sale The Northland, a newly-built mixed-use property in Chicago’s Old Town neighborhood. Principals Jim Darrow and Jordan Gottlieb are leading the marketing efforts for owner/developer JAB Real Estate, with an asking price of $25.6 million.
With 60 apartments and 2,150 square feet of restaurant space triple net-leased by Two Lights Seafood & Oyster Co., the Northland represents a rare opportunity to acquire a large luxury new construction apartment building in the heart of Old Town, according to Essex. The fully-leased building managed by Kass Management features smart-home technology, including a Butterfly MX Smart Intercom at the property entry door.
Located three blocks west of the lakefront Lincoln Park, the Northland is a three-minute walk to the Sedgwick CTA station servicing the Brown & Purple lines.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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