{"id":1004263853,"date":"2018-09-11T01:04:07","date_gmt":"2018-09-11T09:04:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004263853"},"modified":"2022-12-08T02:22:27","modified_gmt":"2022-12-08T10:22:27","slug":"interra-arranges-6m-sale-of-chicago-nursing-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/interra-arranges-6m-sale-of-chicago-nursing-facility\/","title":{"rendered":"Interra Arranges $6M Sale of Chicago Nursing Facility"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004263856\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/1400-W.-Monroe.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004263856\" data-attachment-id=\"1004263856\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/interra-arranges-6m-sale-of-chicago-nursing-facility\/1400-w-monroe\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/1400-W.-Monroe.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 6s&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1501002023&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.15&quot;,&quot;iso&quot;:&quot;25&quot;,&quot;shutter_speed&quot;:&quot;0.00052631578947368&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"1400 W. Monroe\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1400 W. Monroe&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/1400-W.-Monroe.jpg?w=800\" class=\"wp-image-1004263856 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/1400-W.-Monroe.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/1400-W.-Monroe.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/1400-W.-Monroe.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/1400-W.-Monroe.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004263856\" class=\"wp-caption-text\">1400 W. Monroe<\/p><\/div>\n<p>Interra Realty has arranged a $6 million sale of a skilled nursing facility in Chicago\u2019s West Loop, representing both the seller, Symphony Pan, and the buyer, JK Equities, in the deal. The transaction was a sale leaseback.<\/p>\n<p>The four-story building is located at 1400 W. Monroe Ave., within walking distance of Fulton Market. The buyer plans to repurpose the property to capitalize on its location. The facility sits amid a variety of new office, hospitality and multifamily properties and across the street from Skinner Park. It can be easily reached via interstates 90 and 290 and is a few blocks away from one of the busiest commuter stations in the nation, on&nbsp;West Madison Street.&nbsp;<\/p>\n<p>\u201c<em>The deal at 1400 W. Monroe Ave. speaks to developers\u2019 continued desire for opportunities in this flourishing neighborhood. Our buyer was attracted to this area due to its strong growth factors, including proximity to a great number of <a href=\"https:\/\/www.commercialsearch.com\/news\/largest-us-passive-house-office-project-coming-to-chicago\/\">new commercial developments<\/a>, as well as the building\u2019s specific location overlooking Skinner Park and Whitney Young High School, one of the highest-ranking selective-enrollment high schools in Chicago,<\/em>\u201d said Interra Co-Founder &amp; Managing Principal David Goss in a prepared statement.<\/p>\n<p>Goss, together with Director Lucas Fryman, worked on behalf of the buyer. Another team of Co-Founder &amp; Managing Principal Jon Morgan and Director Colin O\u2019Malley acted as the seller&#8217;s brokers.<\/p>\n<p><em>Image courtesy of Interra Realty<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer, JK Equities, plans to repurpose the West Loop building and capitalize on its location. The seller was Symphony Pan. <\/p>\n","protected":false},"author":1064,"featured_media":1004263856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21754,13,21742],"tags":[33249,41969,41972],"class_list":["post-1004263853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-medical-office","category-midwest","category-latest","tag-fulton-market","tag-interra-realty","tag-jk-equities"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Interra Arranges $6M Sale of Chicago Nursing Facility - 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\/interra-arranges-6m-sale-of-chicago-nursing-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interra Arranges $6M Sale of Chicago Nursing Facility\" \/>\n<meta property=\"og:description\" content=\"The buyer, JK Equities, plans to repurpose the West Loop building and capitalize on its location. 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