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Israeli Group Buys Century Shopping Centre for $17.5M

Retail Complex at 2828 N. Clark Trades in Short Sale
February 2, 2011
Bon Aviv Investments, a New Jersey-based joint venture of Israel-headquartered companies Aviv Arlon and Bon Investments, acquired the 171,700-square-foot Century Shopping Centre in Chicago, IL, from Clark Street Development for $17.5 million, or nearly $102 per square foot in a short sale.

Originally built as a theater in the 1920s, the property at 2828 N. Clark St. was later converted into a vertical mall.

Ben Wineman and Stanley Nitzberg of Mid-America Asset Management Inc. represented Clark Street Development.

Please see CoStar COMPS #2026594 for more information.

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