{"id":1004666732,"date":"2023-06-08T03:28:19","date_gmt":"2023-06-08T11:28:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004666732"},"modified":"2023-06-08T03:28:21","modified_gmt":"2023-06-08T11:28:21","slug":"bernard-capital-acquires-chicago-area-mixed-use","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bernard-capital-acquires-chicago-area-mixed-use\/","title":{"rendered":"Bernard Capital Acquires Chicago-Area Mixed-Use"},"content":{"rendered":"<div id=\"attachment_1004666733\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/3450-West-Touhy-Ave.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004666733\" data-attachment-id=\"1004666733\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bernard-capital-acquires-chicago-area-mixed-use\/3450-west-touhy-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/3450-West-Touhy-Ave.png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"3450 West Touhy Ave.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3450 West Touhy Ave. Image courtesy of JLL Capital Markets&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/3450-West-Touhy-Ave.png?w=800\" class=\"wp-image-1004666733 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/3450-West-Touhy-Ave.png?w=300\" alt=\"3450 West Touhy Ave.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/3450-West-Touhy-Ave.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/3450-West-Touhy-Ave.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/3450-West-Touhy-Ave.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004666733\" class=\"wp-caption-text\">3450 West Touhy Ave. <em>Image courtesy of JLL Capital Markets<\/em><\/p><\/div>\n<p><strong>Bernard Capital Investment Partners <\/strong>has closed on the acquisition of 3450 West Touhy Ave., a 123,519-square-foot flex retail and industrial property Skokie, Ill. <strong>CenterPoint Properties Trust <\/strong>sold the asset for $11.5 million.<\/p>\n<p>Constructed in 1976 and revamped in 2013, the property is <a href=\"https:\/\/www.commercialsearch.com\/news\/why-anchor-a-multi-tenant-retail-investment-with-a-fitness-center\/\">anchored by XSport Fitness<\/a>. Serving as the busiest fitness facility within a 5-mile perimeter, it has welcomed around 866,000 visitors over the past year, according to JLL.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/when-to-expect-a-cre-rebound\/\">When Will CRE Deals Rebound?<\/a><\/p>\n<hr \/>\n<p>The property also accommodates two industrial tenants, Skokie Cash &amp; Carry and Howard Packaging. These tenants occupy spaces featuring three interior docks and four drive-in doors. Moreover, the building offers an 84-spot parking garage.<\/p>\n<p>Located 4 miles from Interstate 94, the property has an average daily traffic count of 20,000 vehicles, according to JLL. Chicago and O&#8217;Hare International Airport are roughly 10 miles away.<\/p>\n<p>JLL Director Michael Nieder brokered the sale on behalf of the seller. At the beginning of the year, Nieder also represented Kimco Realty Corp. in the <a href=\"https:\/\/www.commercialsearch.com\/news\/kimco-realty-sells-chicago-area-retail-asset\/\">$20.5 million transaction<\/a> of Wind Point Shopping Center, a 274,282-square-foot, grocery-anchored retail asset in Batavia, Ill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CenterPoint Properties Trust sold the retail and industrial property.<\/p>\n","protected":false},"author":3030,"featured_media":1004666733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21748,21783,13,21752,21742,21749],"tags":[36217,44006],"class_list":["post-1004666732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-industrial","category-investment","category-midwest","category-mixed-use","category-latest","category-retail","tag-centerpoint-properties","tag-jll-capital-markets"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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