Property details
Chicago, illinois
Poetry Garage
Investment type
Value Add
Asset Class
Parking
Ownership Structure
Tenancy-In-Common (TIC)
Year Acquired
2002
Investment Summary
Located at the southwest corner of Madison and Wells Street in the Loop, the 385,310 square foot garage includes 1,165 parking spaces and 19,006 of ground floor retail. Syndicated acquired the property alongside Hammerschlag, one of the premiere parking operators in Chicago.
Syndicated structured its acquisitions as a Tenancy-in-Common to accommodate investors completing a Section 1031 Exchange.