Marcus & Millichap Facilitates Sale of Prime Retail Property in Chicago's South Loop

Reuters

05-17

Marcus & Millichap Facilitates Sale of Prime Retail Property in Chicago's South Loop

Marcus & Millichap Inc. has successfully brokered the sale of a retail property located at 1160 S. Michigan Ave. in Chicago's South Loop. Announced on May 15, 2025, the property features two long-standing tenants, Burger Bar Chicago and Elements Massage, both of which have recently renewed their leases. This transaction highlights the ongoing population growth and revitalization in Chicago's Central Business District. The property, positioned at the base of The Columbian residential tower and near the Roosevelt CTA station, benefits from high visibility and substantial foot traffic. The sale was managed by Marcus & Millichap's Mitchell Kiven and Nicholas Kanich, with Zam Investment LLC acquiring the property.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.

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Michigan Ave. in Chicago's South Loop. Announced on May 15, 2025, the property features two long-standing tenants, Burger Bar Chicago and Elements Massage, both of which have recently renewed their leases. This transaction highlights the ongoing population growth and revitalization in Chicago's Central Business District. The property, positioned at the base of The Columbian residential tower and near the Roosevelt CTA station, benefits from high visibility and substantial foot traffic. The sale was managed by Marcus &amp; Millichap's Mitchell Kiven and Nicholas Kanich, with Zam Investment LLC acquiring the property.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus &amp; Millichap Inc. published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4079","symbol_name":"房地产服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250516:nNDL1zpHtQ:1","article_id":"2536327323","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536327323","pubTimestamp":1747428521,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Marcus & Millichap Inc. has successfully brokered the sale of a retail property located at 1160 S. 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Announced on May 15, 2025, the property features two long-standing tenants, Burger Bar Chicago and Elements Massage, both of which have recently renewed their leases. This transaction highlights the ongoing population growth and revitalization in Chicago's Central Business District. The property, positioned at the base of The Columbian residential tower and near the Roosevelt CTA station, benefits from high visibility and substantial foot traffic. The sale was managed by Marcus & Millichap's Mitchell Kiven and Nicholas Kanich, with Zam Investment LLC acquiring the property.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}