Acadia Realty Trust Buys Chicago Retail Property For $14.8 Million

by Nate Hunter

Chicago — 865 W. North Avenue in Lincoln Park is fully leased to Forever 21.

Chicago  —  Acadia Realty Trust has acquired 865 W. North Avenue, a 16,000-square-foot retail property located in the Lincoln Park neighborhood of Chicago for $14.8 million. Elk Grove Village, Ill.-based Tri-equities LLC sold the two-story property, which is fully leased to Forever 21. Stephen Lieberman of Marcus & Millichap represented Acadia Realty Trust in the transaction. Brad Teitelbaum and Peter Block of Colliers International represented the seller.


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