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500 N Michigan Avenue Retail Space Sale

Sector: Commercial • Location: Chicago, Illinois, United States

Source: Crain's Chicago Business

Project
Completed

Seattle-based investment adviser Washington Capital Management purchased the two-level, 21,565-square-foot retail space at the base of 500 N. Michigan Ave. The sale, valued at $41 million, is seen as a positive sign for the recovery of the Magnificent Mile retail district. The property is fully leased to Vans, Chick-fil-A, and Bank of America, with the Vans space being marketed for lease.

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The project “500 N Michigan Avenue Retail Space Sale” is an infrastructure initiative in the Commercial sector, located in Chicago, Illinois, United States. Taiyo aggregates data on it from Crain's Chicago Business.

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Description

Description

Seattle-based investment adviser Washington Capital Management purchased the two-level, 21,565-square-foot retail space at the base of 500 N. Michigan Ave. The sale, valued at $41 million, is seen as a positive sign for the recovery of the Magnificent Mile retail district. The property is fully leased to Vans, Chick-fil-A, and Bank of America, with the Vans space being marketed for lease.

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