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Newcastle Acquires Lincoln Park Property

Chicago

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Newcastle Acquires Lincoln Park Property
2525 N. Clark
Newcastle Limited has acquired a mixed-use property consisting of 4,300 SF of retail space and 12 apartments in the Lincoln Park neighborhood at 2525 N. Clark for $3M. Newcastle purchased the property on behalf of the firm's $500M Chicago investment platform, and the deal closed in 45 days. Marcus & Millichap's Kyle Stengle and Steve Rachman repped the seller in the transaction. Current retail tenants include Starbucks Coffee, Austrian Bakery, and Sultan's Market.