Time Equities Inc. Buys 7,400 SF Retail Property on Chicago’s Jeweler’s Row for $3.9 Million

Time Equities Inc. (TEI) has acquired a 7,400-square-foot retail property at 33 South Wabash Avenue in Chicago for $3.9 million. The three-unit property is located in the South Loop, within the historic Jeweler’s Row district, offering 38 feet of frontage on Wabash Avenue.

The retail space is fully leased and occupies the base of a 360-unit luxury condominium building, which also houses the School of the Art Institute of Chicago. Current tenants include Goddess & the Baker, Reckless Records, and Prasino. Ami Ziff and Jonathan Kim represented TEI in the internal transaction. Mitchell Kiven of Marcus & Millichap acted on behalf of the seller, Newcastle Investors. This acquisition adds a stabilized, income-generating asset to TEI's portfolio in a prominent urban location.