CHICAGO - HFF announced today that it has been selected to market the sale of the Shops at 95th & Cicero, a 77,468-square-foot retail center in Chicago.
HFF is marketing the property for an undisclosed amount free and clear of debt.
The Shops at 95th & Cicero is located in Chicago’s densely populated Evergreen Park/Oak Lawn neighborhood, which is a first ring suburb of Chicago about 15 miles south of the city center. Renovated in 2006, the property is 98 percent leased to tenants such as Sports Authority, Staples, Men’s Wearhouse, Corner Bakery Café and Verizon.
The HFF investment sales team representing the seller is led by associate director Amy Sands and director Daniel Kaufman.
“The shopping center is located at the most high-traffic intersection in the well-established Evergreen Park/Oak Lawn retail trade area, which includes more than 500,000 residents,” commented Sands.
“In addition to its location, the center also has a historically stable and consistent tenant base, which will appeal to cash-flow oriented investors,” continued Kaufman.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.