Klaff Realty acquires first property under the necessity-based retail strategy
In July 2016, an affiliate of Klaff Realty, LP, acquired a multi-tenant strip center in Chicago’s South Loop neighborhood. This is the first property acquired in connection with Klaff Realty, LP’s strategy to acquire service- and necessity-oriented retail centers.
The property at 542-566 W. Roosevelt Road in Chicago, Illinois includes a 31,450 SF lot size with 24,581 SF of gross leasable area, 28 exclusive parking spaces and a large billboard on the east corner. This center is located in the heart of the South Loop Retail Corridor along heavily-trafficked Roosevelt Road, blocks away from the University of Illinois-Chicago.