CHICAGO – Laurence Elbaum, Principal and Co-Founder of Bradford Allen Realty Services is pleased to announce that Bradford Allen Realty Services in conjunction with Essex Realty Group has completed the sale of 925 West Chicago Avenue in Chicago. The sale was valued at $4,250,000.
Elbaum and co-broker, Jason Fishleder of Essex Realty Group, represented the seller, Gamla Cedron Group, in the transaction. 925 W. Chicago Avenue is a three-story, 2 7,500 square foot creative loft, office building which was 66% occupied at closing. The property is ideally located in the heart of the River West District, and blocks from River North. It offers easy access to the Kennedy Expressway and is within minutes of the Blue Line CTA. Built in 1905, the timber/loft property was renovated in 2013 and features 16’ clear ceilings, an abundance of natural light and ample parking.
This is the third property in Chicago that Bradford Allen has been selected to represent on the behalf of Gamla Cedron. Bradford Allen is currently the exclusive leasing agent for both 520 W. Erie Street, in River North and 318 West Adams Street, in the West Loop.
“Gamla Cedron chose to work with us again due to our past success with them”, said Elbaum. “The condition and location of this particular asset was a huge attraction. We were able to work with Essex Realty to use our combined market knowledge and resources to secure a quality buyer for our client. ”
About Bradford Allen Realty Services
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate.