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Exan Acquires One of Two Tesla Service Centers in Chicago
Cushman & Wakefield represented a private owner in its $13.1-million sale of the Tesla Service Center of Chicago property at 3059-3057 N. Elston Ave. in the Northwest Side neighborhood of Avondale. Miami-based Exan Capital acquired the site on behalf of a separate account, Chicago Elston One, LLC.
Managing directors Michael Marks and Evan Halkias, associate director David Matheis and associate Eric Cline represented ownership.
Built-to-suit for Tesla and opened in 2019, the property includes a 31,700-square-foot building that was recently reconstructed to meet the electric car maker’s standards. It’s one of only two Tesla Service Centers in the city of Chicago.
“A property of this quality with a high-profile, publicly traded tenant drew strong investor interest,” said Marks. “With abundant capital on the sidelines poised for investment and an overall flight to quality, we’ll continue to see buyers take an aggressive approach on opportunities with infill locations and strategic fundamentals.”
- ◦Sale/Acquisition

