Principal Gets Point for $265 Per SF

CHICAGO-Principal Real Estate Investors has paid $25.3 million for the Point at Clark Street, 95,455-sf fully-leased retail building in the heart of the city’s Lakeview neighborhood. Marshalls, Linens ‘n Things and DSW are among the tenants at 3131 N. Clark St.

Median family income in the immediate area is estimated at $86,346, according to census information. “The Point at Clark Street is a high-quality retail building in the heart of Chicago with a great rent roll and traffic flow,” says Principal Real Estate Investors managing director of acquisitions and dispositions Mark Hanrahan.