Gladstone Plaza (Under Development)

5224-5228 Northwest Hwy., Chicago, IL 60630

Neighborhood: Gladstone Park

Size: 11,000 square feet

Acquisition Date: August 2013 - SOLD

This was the acquisition of a vacant property on Chicago’s northwest side that was distressed as a result of a partnership dispute. The property includes a 2,232 square foot former Popeye’s Chicken drive-thru building as well as a vacant 8,700 square foot strip center on the major Chicago intersection of Northwest Highway and Foster Avenue. The site benefits from a rare 40-foot pylon sign visible off of 1-90/94. In June, urgent care concept Immediate MD signed a lease for 4,000 square feet at the Property. There is a great deal of interest from local, regional, and national tenants in the balance of space and the Company expects to have leases signed for all vacant space within the next several months.

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