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Texas Investor Buys Neiman Marcus Flagship on Chicago’s Magnificent Mile

Silvestri Investments Scoops Up Four-Level Property Amid Overall Struggles on City’s Best-Known Retail Avenue
Silvestri Investments bought the four-level Neiman Marcus flagship store at 737 N. Michigan Ave. in Chicago. (JLL)
Silvestri Investments bought the four-level Neiman Marcus flagship store at 737 N. Michigan Ave. in Chicago. (JLL)
CoStar News
April 28, 2022 | 3:42 P.M.

A Texas investor has bought the Neiman Marcus flagship store on the Magnificent Mile, scooping up a fully leased building at a time when Chicago’s best-known retail avenue is struggling to fill large vacancies.

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