Greenstone Partners has closed the sale of a mixed-use property at 2049 W Division St. in Wicker Park. Senior director Brewster Hague and CEO and managing partner Danny Spitz represented the seller, a Chicago-based partnership, and procured the buyer, a California-based hospitality group, in the $2,065,000 sale.
“This property is well-positioned within Wicker Park, which is known for its thriving day and night life,” said Spitz. “The buyer was attracted to the strong street-level presence on Division Street, paired with four recently renovated apartment units that offer a chance to add further value by bringing rent closer to market levels.”
The property is a block west of Damen Avenue and located 2.5 miles northwest of downtown Chicago’s Loop. The 6,600-square-foot building sits on 2,912 square feet of land and is situated a half mile from the CTA Division and CTA Damen Blue Line ‘L’ Stations.
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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