Details
- Address 611-633 West Roosevelt Road
Chicago, Illinois - Property Type Commercial Purchased – Sold June 2012 – March 2016
- Size 42,000 SF Investor IRR / MOIC 32.53% / 2.33x
- In Partnership With Development Resources, Inc.
This 42,000 SF retail center was purchased by Ravine Park Partners LLC, in partnership with Development Resources, Inc., in June 2012 from Bank of America. The property is situated on 1.39 acres and has over 225’ of frontage along Roosevelt Road with excellent visibility from I-90/94. It underwent a multi million-dollar renovation to attract long-term credit tenants such as Vitamin Shoppe, Sleepy’s (now Mattress Firm), Golf Smith, Petco, and more.
The property was sold to Acadia Realty Trust in March 2016.
Gallery
