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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.”
- ◦Sale/Acquisition

