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JLL Arranges Sale of Lincoln Park Retail Center to Curbline Properties
JLL has secured the sale of Clybourn Center, a 33,140-square-foot unanchored strip center strategically located in Chicago’s Lincoln Park neighborhood.
JLL’s Capital Market Investment and Sales Advisory team, representing the seller, was led by Managing Director Michael Nieder and Director Brian Page. Leasing efforts at the center have been spearheaded by Steve Schwartz and his team. The buyer was Curbline Properties.
Clybourn Center is strategically positioned at 2029-2073 N. Clybourn Ave., across from Foundry Park, a transformational $1 billion-plus mixed-use redevelopment project. When complete, Foundry Park will deliver approximately 3,700 residential units, 350,000 square feet of office space, 420,000 square feet of retail space, 250,000 square feet of hospitality space, and 12 acres of open space.
The 91.2% occupied property features 86 surface-level parking spaces, which is a rare amenity for street-front retail in this dense urban corridor. Clybourn Center’s tenant mix is anchored by medical and wellness uses, with 38% of the gross leasable area occupied by medical tenants.
