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Chicago & Midwest  + North Side  + Healthcare  | 

SNF in West Loop Sells to NY Buyer

Interra Realty has brokered the $6-million sale-leaseback of 1400 W. Monroe Ave., a four-story skilled nursing facility in the West Loop. The buyer, New York-based JK Equities, intends to repurpose the building, which is within walking distance of Fulton Market.

JK Equities was represented by the Interra team of David Goss, co-founder and managing principal, and Lucas Fryman, director. Jon Morgan, Interra co-founder and managing principal, and Colin O’Malley, director, advised the seller, Symphony Pan.

“The deal at 1400 W. Monroe Ave. speaks to developers’ continued desire for opportunities in this flourishing neighborhood,” said Goss. “Our buyer was attracted to this area due to its strong growth factors, including proximity to a great number of new commercial developments, as well as the building’s specific location overlooking Skinner Park and Whitney Young High School, one of the highest-ranking selective-enrollment high schools in Chicago.”

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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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