{"id":1004181398,"date":"2017-06-21T06:44:24","date_gmt":"2017-06-21T14:44:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004181398"},"modified":"2022-12-08T14:02:30","modified_gmt":"2022-12-08T22:02:30","slug":"svn-sells-mixed-use-asset-at-park-place-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/svn-sells-mixed-use-asset-at-park-place-tower\/","title":{"rendered":"SVN Sells Mixed-Use Asset at Park Place Tower"},"content":{"rendered":"

By Roxana Baiceanu<\/p>\n

\"655<\/a>

655 Irving Park Road, Chicago, Ill.<\/p><\/div>\n

SVN negotiated the $4.2 million trade\u00a0of a multi-tenant asset in Chicago\u2019s Lakeview neighborhood. Senior Vice President Wayne Caplan and Senior Advisor Lee Ffrench represented the seller. The property offers 14,856 square feet of office and retail space<\/a>.<\/p>\n

A Desirable Location<\/h2>\n

The fully-leased asset is comprised of commercial space\u00a0located on the ground and second floors of Park Place Tower at 655 W. Irving Park Road.<\/p>\n

“Well leased commercial condos in good Chicago locations are very sought-after investments. Anything in a prime neighborhood like Lakeview is going to be given lots of looks from potential purchasers,<\/em>” Caplan said in prepared remarks.<\/p>\n

Park Place Tower is one of the tallest residential buildings in Chicago, measuring more than 530 square feet. The 56-story, 901-unit residential property was built in 1971 and went through major renovations between 2001 and 2006.<\/p>\n

Image courtesy of SVN<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 14,856-square-foot office and retail property is located at the ground and second floors of the tower located in Chicago\u2019s Lakeview neighborhood.<\/p>\n","protected":false},"author":1064,"featured_media":1004181405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,13,21752,21742],"tags":[36312,33330],"class_list":["post-1004181398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-midwest","category-mixed-use","category-latest","tag-park-place-tower","tag-svn"],"acf":[],"yoast_head":"\nSVN Sells Mixed-Use Asset at Park Place Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/svn-sells-mixed-use-asset-at-park-place-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SVN Sells Mixed-Use Asset at Park Place Tower\" \/>\n<meta property=\"og:description\" content=\"The 14,856-square-foot office and retail property is located at the ground and second floors of the tower located in Chicago\u2019s Lakeview neighborhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/svn-sells-mixed-use-asset-at-park-place-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-21T14:44:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:02:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/655-Irving-Park-Road-Chicago-III.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/svn-sells-mixed-use-asset-at-park-place-tower\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/svn-sells-mixed-use-asset-at-park-place-tower\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"headline\":\"SVN Sells Mixed-Use Asset at Park Place Tower\",\"datePublished\":\"2017-06-21T14:44:24+00:00\",\"dateModified\":\"2022-12-08T22:02:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/svn-sells-mixed-use-asset-at-park-place-tower\\\/\"},\"wordCount\":158,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/svn-sells-mixed-use-asset-at-park-place-tower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/06\\\/655-Irving-Park-Road-Chicago-III.png\",\"keywords\":[\"Park Place Tower\",\"SVN\"],\"articleSection\":[\"Chicago\",\"Deals\",\"Midwest\",\"Mixed Use\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/svn-sells-mixed-use-asset-at-park-place-tower\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/svn-sells-mixed-use-asset-at-park-place-tower\\\/\",\"name\":\"SVN Sells Mixed-Use Asset at Park Place Tower - 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