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Colliers Facilitates Sale of Two Retail Condominiums in Chicago’s Southport Corridor
Chris Irwin of Colliers recently represented MDN Development in the sale of two net-leased retail condominiums located at 3541-43 Southport and 3539 Southport Unit 1S, in Chicago’s Southport Corridor.
Westin Kane of Mid-America Real Estate represented the buyer, JB Realty. The first property, 3541-43 Southport, features a 2,400-square-foot storefront with a 900-square-foot basement and is currently leased to Paper Source. It is situated directly across the street from Anthropologie. The second property, located just a few storefronts away at 3539 Southport, Unit 1S, includes 1,150 square feet of street-level space and a 450-square-foot basement. This unit is currently leased to Third Love, a Leap Brand company, and is also located directly across from Anthropologie.
“With strong tenant demand, stable fundamentals, and investor confidence, Southport remains one of Chicago’s most reliable neighborhood retail districts,” said Chris Irwin, Senior Vice President, Retail Services at Colliers. “These condo sales reflect the stability of the corridor and the long-term confidence in Lakeview’s retail environment.”
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