Jeffrey Plaza, 7131 S. Jeffrey Blvd., Chicago, IL
CHICAGO, IL—Cannon Commercial Management has sold Jeffrey Plaza, a 113,303-square-foot retail center at 7131 S. Jeffrey Blvd. in Chicago to Local Market by Shop and Save.
Keely Polczynski of CBRE represented Cannon in the sale.
Shop and Save purchased the property, located in Chicago's densely populated South Shore neighborhood bordering Hyde Park, and will fill the anchor space that was vacated by Dominick's. The property has maintained all its small-scale retailers, demonstrating its strength. The property has long-term leases with Chase, H&R Block, Papa John's and others.
The South Shore neighborhood has benefited from positive activity lately.
The Obama Presidential Library, opening in 2020, is expected to attract tourists and local residents to the South Shore/Hyde Park neighborhood.
“This is a fantastic opportunity for Shop and Save to anchor an important retail center in a dense, well established and burgeoning south Chicago neighborhood that will welcome a quality food establishment that offers fresh produce, meats and other daily necessities,” says CBRE's Polczynski.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
