Kiser Group’s Birk | Sklar Team Closes Sale of South Shore Portfolio
Kiser Group’s Birk | Sklar Team, led by partners Noah Birk and Aaron Sklar, recently closed The South Shore Portfolio, totaling 101 units, for nearly $10 million.
The portfolio comprises:
7419 S Colfax: $3.6 million, 29 units
6700 S Chappel: $3 million, 27 units
2445 E 72nd: $2.85 million, 45 units
The three properties are all located in Chicago’s South Shore, with a strong focus around Jackson Park.
“According to CoStar, this is one of the neighborhood’s largest transactions in the past five years,” said Sklar. “It also marks one of the highest transactions on a per-unit basis. Furthermore, all the buildings have been professionally managed and boast high end finishes with an incredibly strong history of high occupancy.”
With the uncertainty of the financial markets, the Birk | Sklar Team has seen increasing interest from buyers looking for large, updated, renovated properties in developing neighborhoods such as South Shore.
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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