Chicago & Midwest + Greater Chicagoland + Retail | May 21, 2022

Colliers has been hired to market for sale a portfolio of Sunnyside-branded cannabis dispensaries in and around Chicago

Colliers Lists Dispensary Portfolio for Clear Height

Clear Height Properties has engaged Colliers to sell a three facility, net leased Cannabis real estate portfolio with strategic locations in Illinois. Colliers Chicago EVP Peter Block and his partners Christian Pera and Eric Okleshen are overseeing the disposition.

The properties are operated by Sunnyside Dispensary, the first national retail brand of Cresco Labs, and are located at 3524 N. Clark St. in Chicago, 1704 S. Neil St. in Champaign and 7943-7959 W. Grand Ave. in Elmwood Park

3524 N. Clark is in Wrigleyville, 1701 S. Neil St. on the edge of the University of Illinois in Champaign, and 7943-7959 W. Grand is in a northwest suburb of Chicago. The locations’ intrinsic value will drive the sale.

“It’s the first time a portfolio with such high-quality properties has been made available,” said Block. “These are all in excellent locations and will be a draw regardless of tenant type.”

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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 13-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 15-20 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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