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Chicago & Midwest  + Chicago + Downtown  + Retail  | 
1051 N Rush St. Chicago

Gold Coast Retail Trades to L3 Capital

CBRE has arranged the sale of 1051 N Rush St., a high-profile corner located at the convergence of three luxury retail thoroughfares—Rush, State and Cedar–in the heart of Chicago’s Gold Coast. Marol Rush sold the property to L3 Capital, a Chicago-based urban retail and mixed-use real estate investment firm. A sale price wasn’t disclosed.  

The property features 10,000 square feet in two levels and is 100% leased to VANS and Uniform Teeth. Keely Polczynski of CBRE Capital Markets was the sole broker in the transaction. 

“The Gold Coast continues to be a bright spot in the Chicago market,” said Polczynski. “The fact that it is a tight market with retailers exhibiting strong sales volumes and limited availability gives investors confidence for continued investment.” 

Connect

Inside The Story

CBRE's Polczynski

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
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