CHICAGO—Holliday Fenoglio Fowler, L.P. recently closed the sale of the Shops at 95th & Cicero, a 77,468-square-foot retail center in suburban Oak Lawn. HFF officials say the firm “represented the seller in the transaction to ACF Property Management, Inc. arranged by GDA Companies who purchased the asset free and clear of debt.”
The HFF investment sales team representing the seller was led by associate director Amy Sands and director Daniel Kaufman.
“The Shops at 95th & Cicero has arguably the best retail location within its submarket, situated at the intersection of 95th St. and Cicero Ave.,” says Sands. “The intersection sees the highest daily traffic counts along Cicero Ave.”
“The property benefits from its dense infill location with over 500,000 people within a five-mile radius of the property,” adds Kaufman.
Exact terms of the transaction were not disclosed, but Cook County property records show the seller was Inland American Oak Lawn Cicero LLC in suburban Oak Brook, and the price was $14 million.
Oak Lawn is a first ring suburb of Chicago about 15 miles southwest of the city center. Last renovated in 2006, tenants such as Sports Authority, Staples, Men's Wearhouse, Corner Bakery Café and Verizon occupy 100% of the center's leasable space.
GDA Companies, a Greenwood Village, CO-based acquisitions firm, owns and operates more than 84 properties in Arizona, California, Colorado, Oregon, Washington, South Carolina, Ohio, Georgia, Kansas, Missouri and Texas.
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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.
