June 5, 2025 – Dan Tilsner of Horvath & Tremblay has successfully completed the sale of a five (5) retail condominiums in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $4,100,000.
The retail condominiums are located at 600-620 S Dearborn Street in Chicago, Illinois. The Property consists of a portion of the ground floor of the Transportation Building (12,132 square feet) and is 100% leased to five retail tenants. The Transportation Building is a twenty-two-story building that was constructed in 1911, it is the tallest high-rise in Chicago’s Printers Row neighborhood, and features retail units on the ground floor and 296 residential condominiums ranging from 1-Bedroom to 2-Bedroom units on the upper floors. The Property is 100% leased to a complimentary mix of five (5) retail tenants including 7-Eleven, which has been at the building since 1991 and has 3+ years remaining on their lease, Amarit Thai & Sushi has been at the building since 2004, and just extended their lease for an additional 5-years, demonstrating their commitment to the building and market. Amarit has one (1), 5-year option. Jefas Cantina just exercised a renewal option demonstrating their commitment to the site, they have 3+ years remaining on their lease with one (1), 3-year option. Sofi Restaurant has been at the building since 2013 and just extended their lease for 10-years demonstrating their commitment to the site and the market. Sofi Restaurant also has two (2), 5-year options remaining. Forno Mauri – Pizzeria is new to the building (replacing Baird & Warner) and has a 10-year lease with one (1), 5-year option. Located in the heart of Chicago’s Central Business District in the Loop neighborhood, the Property is exceptionally well positioned at the intersection of S Dearborn Street and W Harrison Street. The Property offers outstanding access to public transportation, area highways, green space, Lake Michigan, and numerous retail amenities. The Property is also surrounded by large office and residential buildings that drive vehicular and pedestrian traffic to the area and provide a built-in customer base for the retailers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.