Newcastle Buys Near Mag Mile
Yesterday we told you that former post office buildings were selling quickly. Well, we give you proof via next day delivery: Newcastle Ltd. spent $5.9M on a two-story, 16k SF building at 227 E. Ontario and will add 885 SF to redevelop it into a retail building. The all-cash deal closed in less than 40 days and is Newcastle's third acquisition in the past 60 days. The transaction required the assemblage of land under the building from two separate ownership entities. Mid America Real Estate's Paul Bryant and David Stensby repped the seller and Mid America has been retained to market the property.