Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + North Side  + Apartments  | 

Rogers Park Seller Trades to Two Separate Buyers

Interra Realty brokered the off-market sales of two multifamily properties in the North Side’s Rogers Park neighborhood for a total of $9 million. The seller for both 7320 N. Damen Ave. and 2034 W. Arthur Ave. was Marc Realty.

Brad Feldman of Interra represented both Marc Realty and the buyers. Becovic Residential LLC, purchased the Damen Avenue property, while the Arthur Avenue building was acquired by a local investment group. Feldman was assisted by Interra associate Conor McInerney in the Damen Avenue transaction.

“The seller achieved very strong prices for these properties, demonstrating the appeal of the Rogers Park submarket,” said Feldman.

He added that Marc Realty acquired both buildings nearly a decade ago, after the prior owner lost them in a failed condominium conversion. “For the buyers, it was an opportunity to expand their holdings in a strong North Side neighborhood that continues to experience rent growth.”

Pictured: 7320 N. Damen Ave.

It’s not too late to register for Connect Industrial Midwest, coming to the Hyatt Regency O’Hare in Rosemont, IL on March 4. For more information, or to register, click here.


Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Interra RealtyConnect With Marc Realty

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 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).

  • ◦Sale/Acquisition
AshcroftCapital-04-cube
Chase-12-cube