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Fully Leased Germania Place Sells to Out-of-State Investor
Greenstone Partners arranged the sale of Germania Place at 108 W. Germania Pl., at the convergence of Chicago’s Lincoln Park, Old Town and Gold Coast neighborhoods. The firm’s Danny Spitz and Jason St. John represented seller R2 and procured the buyer, an out‐of‐state, private investor.
The fully leased 49,000-square-foot property, also known as the German Club Building, was completed in 1889 by renowned architect Addison & Fiedler and served as the focal point for Chicago’s German‐American community at the turn of the century. The anchor tenant, Lighthouse ArtSpace, is host to the critically acclaimed Immersive Van Gogh experience, which signed its lease during the pandemic.
“There are seldom opportunities of this nature in the marketplace, and we are seeing buyers that were not active last year getting back into the market in droves, furthered by historically low interest rates and hedging against potential inflation,” said St. John.
- ◦Sale/Acquisition
