Login

Hines to pay $70 million for shopping center in Chicago’s Wicker Park

North Side deal adds to run of US property sales by Germany’s DWS Group
Hines Global Income Trust has a deal to buy the Wicker Park Commons shopping center on Chicago's North Side. (Justin Schmidt/CoStar)
Hines Global Income Trust has a deal to buy the Wicker Park Commons shopping center on Chicago's North Side. (Justin Schmidt/CoStar)
CoStar News
May 15, 2026 | 9:03 P.M.

A Hines real estate investment trust has agreed to pay about $70 million for a shopping center on Chicago’s North Side. That's a steep discount to the price that DWS Group paid for it more than a decade ago, as the German investor adds to its selloff of U.S. properties.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In