Dempster Plaza

Location: Chicago, IL
Type: Retail
Price: $24,500,000

SMC has provided a $24,500,000 ten-year fixed rate mortgage for the refinance of Dempster Plaza, an 113,191 SF grocery anchored shopping center located in Chicago, IL. The Property is anchored by Jewel-Osco and Home Depot (long-term ground lease) and features a variety of national, regional, and local in-line retailers such as Dollar Tree, Goodwill, and Hallmark. The Property is centrally located in one of the region’s main retail corridors and is directly across from the Advocate Lutheran General Hospital which recently completed a $40 million expansion in 2015.The Property is currently 94.4% occupied and has averaged 96% occupancy over the past 9 years.