HFF announces sale of urban Chicago retail center
CHICAGO, IL – January 25, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Kingsbury Center, a 53,079-square-foot urban retail center located in Chicago’s vibrant North and Clybourn retail corridor.
The HFF team marketed the property for the seller. Westwood Financial purchased the asset and assumed an existing securitized loan.
Completed in 2012, the center is 100 percent leased to buybuy BABY, PetSmart, Road Runner Sports and Jimmy John’s. Located at 1415-1435 North Kingsbury Street, the property is positioned just south of the intersection of North and Clybourn Avenues in Chicago’s Northside. More than 460,000 residents earning an average household income of more than $121,000 per year live within three miles of the property. Kingsbury Center is serviced by the CTA’s North & Clybourn “L” station and is within walking distance to other nationally recognized retailers that anchor the submarket, including Apple, Whole Foods, Dick’s Sporting Goods, Mariano’s, REI, West Elm, Design Within Reach, Anthropologie and Arclight Cinema.
The HFF investment advisory team representing the seller included senior directors Amy Sands and Clinton Mitchell.
About Westwood Financial
Westwood Financial owns over 70 community shopping centers, primarily anchored by top-tier grocers, across 26 U.S. markets, including Dallas, Phoenix, Atlanta, Los Angeles, and Charlotte. Established in 1970 and transformed in 2016, Westwood Financial is headquartered in Los Angeles, with regional offices in Dallas, Atlanta and Scottsdale. More information is available at westfin.com.
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.