NewMark Merrill Acquires 179,106 SF Lake Meadows Shopping Center in Chicago

NewMark Merrill Acquires Chicago-Area Shopping Center

NewMark Merrill Companies, Inc. has acquired Lake Meadows Shopping Center, a 179,106-square-foot grocery-anchored retail center located on 16 acres on the corner of South Martin Luther King Drive and East 35th Street in Chicago, from Draper and Kramer. The center is anchored by Jewel-Osco, LA Fitness, Foot Locker, CVS Pharmacy, Citi Trends, and many other national, regional, and local merchants. The refinance was facilitated by Kostas Kavayiotid…

NewMark Merrill Cos. Acquires 179,106-Square-Foot Lake Meadows Shopping Center in Chicago

Chicago —NewMark Merrill Cos. has acquired Lake Meadows Shopping Center, a 179,106-square-foot retail center in Chicago. Jewel-Osco anchors the center, which was 85 percent leased at the time of sale.… The post NewMark Merrill Cos. Acquires 179,106-Square-Foot Lake Meadows Shopping Center in Chicago appeared first on Shopping Center Business.

NewMark Merrill Acquires 179,106 SF Lake Meadows Shopping Center in Chicago

CHICAGO — NewMark Merrill Cos. Inc. has acquired Lake Meadows Shopping Center, a 179,106-square-foot property in Chicago. Draper and Kramer Inc. was the seller. Anchor tenants include Jewel-Osco, LA Fitness, Foot Locker, CVS Pharmacy and Citi Trends. NewMark Merrill now owns or operates eight properties in the Chicago area representing more than 1.6 million square feet and a combined asset value of over $300 million. The company plans to upgrade…