Reported Sep 30, 2026 · Source: The Real Deal
1165 N. Clark St is an office sale in River North / Streeterville / Gold Coast, Chicagoland. Other details we have: buyer Newstreet; seller Goldman Sachs; price $6.8M; size 74,500 SF office; about 60% occupied. The Real Deal reports: “Newstreet, recently rebranded from Initium Development, purchased the property at 1165 North Clark Street, anchored by a CVS on the ground floor.” The Real Deal reports: “A Chicago-based multifamily developer acquired a seven-story office building for $6.8 million last week, with plans to convert it into an 80-unit multifamily complex in the Gold Coast neighborhood, The Real Deal learned.”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at The Real Deal. What the article says:
Newstreet, recently rebranded from Initium Development, purchased the property at 1165 North Clark Street, anchored by a CVS on the ground floor.
A Chicago-based multifamily developer acquired a seven-story office building for $6.8 million last week, with plans to convert it into an 80-unit multifamily complex in the Gold Coast neighborhood, The Real Deal learned.
Newstreet acquired only the vertically-separated office portions, totaling 74,500 square feet, excluding the ground retail and parking, according to Alex Milanoski, development director at Newstreet.
The seller, Goldman Sachs, sold the roughly 18,000-square-foot ground-floor retail space separately in 2022 to YFP, a South Carolina limited liability company registered to Jeffrey S. Yager, for $21.3 million.
Article date: 2026-09-30T11:45:00+00:00
All River North / Streeterville / Gold Coast deals · More office deals in Chicago · Chicagoland: this week and archive
Compiled from public sources; details can differ between sources. Always verify with the linked source.