CHICAGO, IL- NelsonHill announced this week that they had completed the sale of the Lincolnwood Business Center in Lincolnwood. Margolin Shoes & Apparel, the Chicago-based wholesaler, expressed a bit of confidence in the suburban commercial real estate market by buying the Lincolnwood Business Center in Lincolnwood not just as their new headquarters, but as an investment. The privately-owned firm will move from a Chicago location into 73,000 SF of space in the 234,817 SF building at 7001 N. Central Park, which was about 67% leased at the time of the sale. Present tenants include Sterling Collision, TenFab and Goggin.
The mixed-use building sold for $4,000,000.
Mark Nelson and Michael Nelson of NelsonHill represented MB Financial Bank and the seller Lincolnwood Plaza I, LLC in the transaction. Mike Wilens from KBF Corporate Realty represented Margolin.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
