Stan Johnson Arranges Sale of 83,652-Square-Foot Retail Property in Chicago

Chicago — Stan Johnson Co. has arranged the sale of a two-story, 83,652-square-foot retail property located at 3925-3927 North Cicero Ave. in Chicago. The property is leased to Ross Dress for Less and its affiliate brand dd’s Discounts. Both retailers operate under a single master lease with a long-term net lease structure. Mike Sladich of Stan Johnson represented the seller, an Illinois-based institutional investor, in the transaction. A California-based REIT acquired the property, which was listed for sale at approximately $13.7 million.

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