Greenstone Partners is pleased to announce the sale of 3728-30 N Southport Avenue, a 5,893-square-foot, two-tenant retail property located in Chicago’s Lakeview neighborhood. Positioned along a highly trafficked, premier retail corridor, the property benefits from strong visibility, established tenant operations, and long-term income stability.
Greenstone Partners’ Danny Spitz and Tom Galvin exclusively represented the seller, a private partnership, and procured the buyer, a local investor.
The property features two tenants that align seamlessly with the corridor’s retail profile. European Wax, a nationally recognized beauty and wellness brand with over 1,000 locations across the U.S., has occupied the space since 2013 and STRONG Pilates, a fast-growing international fitness concept that combines Pilates and cardio on custom reformer machines. This location is among the first of STRONG Pilates’ U.S. expansion into Chicago.
“The combination of a highly desirable location with high-quality service tenants contributed to the attraction of this deal from investors,” said Spitz. “Its location along the Southport corridor in Lakeview, with strong foot traffic and lack of available retail space, created competitive interest and a seamless transaction process.”
The sale demonstrates continued investor appetite for service-oriented retail assets in Chicago’s premier corridors, particularly those with net-leased tenants and embedded growth potential.