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German Investor Pays $120 Million for Luxury Retail Building in Chicago

Sale of Property With Chanel Lease Demonstrates Strength in Difficult Overall Market
The retail property at 57-65 E. Oak St. in Chicago is leased to luxury retailers Chanel, Van Cleef & Arpels and Moncler. (CBRE)
The retail property at 57-65 E. Oak St. in Chicago is leased to luxury retailers Chanel, Van Cleef & Arpels and Moncler. (CBRE)
CoStar News
November 2, 2021 | 11:00 P.M.

A German investor has paid $120 million for a Chicago property that is home to a Chanel flagship and other luxury retailers, demonstrating Oak Street’s strength in a difficult overall retail market.

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