Spirit Bascom Ventures Acquires Second Mixed Use Project in Chicago
CHICAGO, Dec. 12, 2016 /PRNewswire/ — Spirit Bascom Ventures, LLC (“Spirit Bascom”) a partnership between Irvine, California based The Bascom Group, LLC (“Bascom”), and Stamford, Connecticut based Spirit Investment Partners, LLC (“Spirit”), has acquired 6807 N. Sheridan Road for $18,875,000, its second Chicago acquisition in the past year. The property is located in the dynamic Rogers Park neighborhood, a few blocks north of Loyola University’s flagship Lake Shore Campus. Todd Stofflet of KIG CRE represented the seller in the off market transaction. Andy Feinberg, Marc Schulder, and David Harte from Ackman-Ziff arranged a first mortgage loan from local lender First Midwest Bank and mezzanine loan from New York based Hillcrest Real Estate.