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Chicago & Midwest  + North Side  + Retail  | 

JLL Brokers Retail Sale in Clybourn Corridor

JLL closed the sale of a 9,794-square-foot retail property that is triple-net leased to Walter E. Smithe, a family owned and operated local furniture business with 10 locations across the metro area. The property at 2009 N. Clybourn Ave. in Lincoln Park’s Clybourn Corridor is the tenant’s only location in the city of Chicago.

The JLL Net Lease Capital Markets team representing the seller was led by SVPs Nicholas Kanich and Alex Sharrin. JLL marketed the property on behalf of a Chicago-based private partnership, and procured the buyer, a California-based family office, which purchased the asset in a 1031 exchange.

“Upon expiration of the lease in 2030, the purchaser will have a great building on a strong corner with dedicated parking and timber construction, the likes of which developers only attempt to recreate in new construction assets,” said Kanich.

Connect With JLL’s Kanich

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About Paul Bubny

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 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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