Greenstone Partners has brokered the sale of 821 W. Eastman, a 23,150-square-foot multi-tenant property in Chicago’s Lincoln Park neighborhood, for $11.5 million.

Greenstone Partners’ Managing Partner Danny Spitz represented the seller and procured the buyer, a partnership between Honore Properties and Peerless Development. “The acquisition is a turnkey investment for the new owner, with a significant long-term commitment from the anchor tenant,” said Spitz.

Anchored by the British International School of Chicago—operated by Nord Anglia, which owns over 80 schools worldwide—the property boasts a strong tenant mix. The school occupies 65% of the rentable square footage with 17 years remaining on its lease. Other tenants include Bright Horizons and Hill Family Pet Care.

“The city’s recent zoning changes have catalyzed a wave of residential development, finally allowing both residents and businesses to take full advantage of the area’s abundant amenities and transportation options,” said Spitz.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL for this exclusive presentation!