Georgetown Buys Lincoln Prk Retail for $64M

CHICAGO—The New York-based Georgetown Co. continues to make clear how much it believes in Chicago real estate. The developer just bought Lincoln Park Centre, a 61,000-square-foot retail property in the Lincoln Park/Old Town neighborhood for $64 million, one of several major purchases the company has made here recently.

The two-story property, located at 755 W. North Ave. at the corner of Clybourn Ave., sits in one of the most vibrant retail areas on the North Side. Current tenants of in the fully-leased building include Design Within Reach, Mitchell Gold + Bob Williams, Eddie Bauer, Sur La Table and Carters. The property also includes 156 parking spaces in a four-story garage and shoppers have easy access to the CTA Red Line subway and CTA Brown Line el stops.