Roosevelt Galleria

Chicago, Illinois

  • Address 611-633 West Roosevelt Road
    Chicago, Illinois
  • Property Type Commercial Purchased – Sold 6.28.2012 – 3.2016
  • Size 42,000 SF Investor IRR / MOIC 32.53 / 2.33
  • In Partnership With Development Resources, Inc.

This 42,000 SF retail center was purchased by Ravine Park Partners LLC, in partnership with Development Resources, Inc., in June 2012 from Bank of America. The property is situated on 1.39 acres and has over 225’ of frontage along Roosevelt Road with excellent visibility from I-90/94. It is currently fifty percent leased to short-term, non-credit tenants and will undergo a million-dollar renovation to attract long-term credit tenants. Vitamin Shoppe, Sleepy’s (Mattress Firm)

The property was sold to Acadia in March 2016.