Chicago Parking Garage

Chicago, IL

Acquired December 2014

At a Glance

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Strategically located in epicenter of Chicago’s dynamic River North submarket.

Investment Rationale

  • Benefits from having entrances accessing both the inbound and outbound lanes of the Kennedy Expressway - the main thoroughfare for downtown Chicago.

  • Stable cash flow generator with strong potential to further increase revenue by closing the submarket parking rates gap.

  • Robust demand drivers from the area’s growing residential, hotel, office, retail, and entertainment supply.

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Garage Maps2