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Acadia Sells Chicago Retail Portfolio | Real Estate News
Acadia Realty Trust is selling a prime Chicago retail portfolio—five buildings near Lincoln Park and Lakeview, totaling 100K+ sq ft and 95% leased—with Trader Joe’s, T.J. Maxx, and Sephora anchoring the mix. Acquired between 2007–2012 for $51M, the assets now command a $60M asking price, backed by $4M in net operating income and 5.5-year average leases. Strategically positioned in a high-traffic corridor, this move reflects Acadia’s broader asset management play and investor appetite for Chicago’s top retail real estate. Listen in comfort:Get a discount on a Soli Pillow…
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