Invesco Sells Broadway at Surf Retail Center in Chicago

by Katie Sloan

Chicago — Invesco has sold Broadway at Surf, a 134,285-square-foot, grocery-anchored shopping center located between Chicago’s Lincoln Park and Lakeview neighborhoods.

The multi-level center is 97.3 percent leased to tenants including Walmart Neighborhood Market, Bed Bath & Beyond, TJ Maxx and Fitness 19. The property also features 125 rooftop parking spaces.

Amy Sands and Clinton Mitchell of HFF represented the seller in the disposition of the property to a joint venture partnership between Intercontinental Real Estate Corp., on behalf of its managed fund U.S. Real Estate Investment Fund LLC, and Fairbourne Properties LLC.

Timothy Joyce and Christopher Knight, also of HFF, placed an acquisition loan with Nationwide Real Estate Investments on behalf of the new ownership. Terms of the transaction were undisclosed.

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