RE/MAX Commercial Arranges $4.5M Sale of Mixed-Use Block in Norridge, Illinois
Why this matters
Mixed-use is where the most interesting urban repositioning is happening. Office-to-residential conversions in Manhattan, Washington, and Philadelphia have moved from pro-forma exercises to closed transactions, and walkable suburban densification is drawing patient capital with longer hold periods than the traditional core or value-add fund structures support. For allocators, mixed-use offers exposure to multiple property types within a single basis, which has become attractive as monoline sector forecasts have widened.
Editorial analysis · Real Estate Trail Editorial
NORRIDGE, ILL. — Jason Bitton of RE/MAX Commercial has arranged the $4.5 million sale of a mixed-use block totaling roughly 41,000 square feet on 1.9 acres in Norridge. A private investor was the seller. William Gold…
External link. Real Estate Trail does not republish source content.
Related coverage — Mixed Use
Toro Development Opens $560M Medley Mixed-Use Destination in Johns Creek, Georgia
JOHNS CREEK, GA. — Toro Development Co., a locally based development firm led by Mark Toro, has officially opened Medley, a $560 million mixed-use campus in Johns Creek, a northern suburb of Atlanta in Fulton County.…
Renowned Flagler Commercial Corner Hits the Market
An historic Downtown Miami mixed-use property comprising 52,500 square feet is up for sale. Originally built in 1937 and renovated in 2024, the property at 200 E. Flagler has an asking price of $33 million. Avenue Rea…
StreetLevel Investments Welcomes New Tenants to Mixed-Use Development in Forney, Texas
FORNEY, TEXAS — StreetLevel Investments has welcomed new tenants to Village at Gateway, a 152-acre mixed-use project located in Forney, roughly 20 miles east of Dallas. The new operators include Dick’s Sporting Goods,…
Development Site Trades within Atlantic Avenue Mixed-Use Plan
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square f…
Newmark Arranges Recapitalization, Financing of Kentucky Lifestyle Center
Newmark has arranged the recapitalization of Fritz Farm, a 330,077-square-foot lifestyle center and mixed-use destination in Lexington, Kentucky. The transaction adds Kimco Realty as a preferred equity investor in the…
Prosper Greenlights $2B Italian-Themed Community
The Prosper Town Council approved a rezoning for The Marco, a 143-acre Italian-themed development on the corner of Dallas North Tollway and University Drive. The $2 billion mixed-use development features waterfront ho…