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Kudan Brokers Sale of Downtown Oak Lawn Staple
The Kudan Group’s Chad Severson represented Ken and Kim Krauss in the sale of Krauss’ Gaslite Lounge in Oak Lawn, IL. Deal terms were not disclosed. The neighborhood lounge has been in the Krauss family, and a community staple, for the past 30 years.
Located at 5130 95th St. in the heart of Oak Lawn’s downtown district, Krauss’ is steps from a number of national retailers that include Starbuck’s, Cold Stone Creamery, Lou Malnati’s and Potbelly. In addition to Krauss’, other local restaurants and shops include Déjà Brew, Benchmark Fit Club and Stacked Pancake House.
The new owner, Pete Speradakos, says he plans to continue operating in the Krauss’ tradition.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
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