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Marcus & Millichap Closes Sale of Lincoln Park Timber Loft Offices
Marcus & Millichap arranged the sale of 2001 N. Clybourn Ave,, a 24,314-square-foot office property in Lincoln Park. The asset sold for $6,700,000.
Nicholas Kanich, a first VP of investments in the Net Lease Group at Marcus & Millichap’s Chicago Downtown office, represented the Delaware-based buyer, a repeat client. The seller of the property, originally bult in 1895, wasn’t disclosed.
“The multi-tenant, Class-A timber loft office asset was a strategic purchase for the buyer due to its advantageous Lincoln Park location, strong tenant mix and value-add components,” said Kanich. “The transaction closed quickly with no issues during escrow.”