Retail stores rented by Fannie May arrive in Chicago market


Several retail stores leased from Fannie May Chocolate Factory have appeared on the market. Six of the 7 locations are in the suburbs (iStock)

A diverse collection of mostly suburban retail stores leased from chocolate maker Fannie May has appeared on the market.

The properties, all low-rise and stand-alone buildings, are land leased from the Ferraro Candy Company subsidiary until 2025, according to a real estate brochure and records. Their lots range from 12,000 to 26,600 square feet and the stores generate an average annual rent of $ 463,700.

The only Chicago location is at 5543 South Harlem in Garfield Ridge. The others are: 201 South Main Street in Mount Prospect; 6351 West 95th Street and 10700 South Cicero Avenue in Oak Lawn; 7001 North Lincoln Avenue in Lincolnwood; 10066 North Skokie Boulevard in Skokie; and 18101 South Halsted Avenue in Homewood.

It is not known who owns the entire portfolio; the only deed available in the public archives is that of the Halsted Street property. This location is owned by Buffalo Delta-Sonic Carwash Systems.

The price on the wallet was not disclosed. Brokerage firm CTK Chicago Partners is marketing the portfolio, selling the properties as possible candidates for repositioning or redevelopment, according to the brochure. CTK’s Nick Saraceno, the agent in charge of the list, did not respond to requests for comment.

Fannie May, which was founded in Chicago in 1920, started out as a single store on North LaSalle Street. The company manufactures candy brands such as Pixies, Buttercreams and Mint Melt Aways. It now has 55 locations, according to a previous report.

Recent retail sales in Chicago include the $ 31.6 million Hutensky Group acquisition of two suburban malls and Sperry Equities’ $ 26 million purchase of the Willow Creek Center in Glenview.

Source link


Leave A Reply