Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Colliers Arranges Sale of Two Retail Condos in Chicago’s Southport Corridor
Colliers’ Chris Irwin recently represented MDN Development in the sale of two net-leased retail condos, 3541-43 Southport and 3539 Southport Unit 1S, in Chicago’s Southport Corridor.
Westin Kane with Mid-America Real Estate represented JB Realty, the buyer, in the transaction. 3541-43 Southport is a 2,400-square-foot storefront with a 900-square-foot basement. Leased to Paper Source, it is directly across the street from Anthropologie. The other property is a few storefronts away at 3539 Southport, Unit 1S. The 1,150-square-foot space with a 450-square-foot basement is also located across the street from Anthropologie. It is currently leased to Third Love, a Leap Brand company.
“With strong tenant demand, stable fundamentals, and investor confidence, Southport remains one of Chicago’s most reliable neighborhood retail districts,” said Irwin, a Senior Vice President with Colliers’ Retail Services. “These condo sales reflect the stability of the corridor and the long-term confidence in Lakeview’s retail environment.”

