CHICAGO – Newcastle Limited has acquired 1500 N. Halsted Street, a 4-story, 45,000-square-foot loft building in Chicago’s Clybourn Corridor retail district for $8.0 million. Benjamin Erskine and Fred Schuler of JLL represented the seller in the transaction.
The property is situated at the corner of Halsted and Blackhawk Streets, directly across from the New City development. Newcastle will redevelop the property and dedicated surface parking lot for retail and office use.
Newcastle Limited is a real estate investment firm that acquires, develops and owns urban retail and multifamily properties in Chicago. An entrepreneurial investor with institutional backing, the firm can deploy large amounts of capital and close transactions quickly. To learn more about Newcastle, call Mike Haney, CEO, at (312) 252-1401 or visit the company’s website at www.newcastlelimited.com.