4/16/2008

Chicago retail space brings $10M

by Michael Wayne

Mr. Stone

Newcastle Ltd. has purchased a retail property in Chicago, Ill., for $10 million from 801 Diversey LP, an affiliate of RN Realty, LLC.

David Stone of Stone Real Estate represented both parties in the transaction.

The retail property, which sold for $571 per square foot, is located at 801 W. Diversey Pkwy. It contains 17,514 square feet and is situated on .27 acres. It is currently 81 percent leased to Dunkin' Donuts, Performance Bicycle Shops and Back to Bed.

Stone is the founder and principal of Stone Real Estate. He is the former VP and director of retail leasing with Chicago-based M&J Wilkow, Ltd., where he oversaw the firm's retail leasing department. He is also a former employee of CB Richard Ellis. He is a graduate of Northwestern University and Indiana University.

Address: 801 W. Diversey Parkway, Chicago, Ill.

Size: 17,514 square feet

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Filed Under: Retail

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