Newcastle Acquires Lincoln Park Property

Newcastle Limited has acquired a mixed-use property consisting of 4,300 SF of retail space and 12 apartments in the Lincoln Park neighborhood at 2525 N. Clark for $3M. Newcastle purchased the property on behalf of the firm's $500M Chicago investment platform, and the deal closed in 45 days. Marcus & Millichap's Kyle Stengle and Steve Rachman repped the seller in the transaction. Current retail tenants include Starbucks Coffee, Austrian Bakery, and Sultan's Market.
 

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

What's At Stake For CRE In Tuesday's U.S. Midterm

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown