Behind the $117M Chicago Barneys Sale

GlobeSt.com, April 13, 2011

A six-story retail property at Oak and Rush Streets in Chicago, housing the luxury department store Barneys New York, recently sold to an Israeli investment firm for $117 million. This report notes that the size of the deal makes it one of the year's largest retail real estate sales in Chicago at a top price per square foot. Development Management Associates served as the development manager for the core and shell of this structure, built to LEED-CS and including a 6,000-square-foot green roof.

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