North Center Adjacent: Local Real Estate Firm Acquires Three Fully-Leased Southport Avenue Properties

By Socialhood News · Il/Chicago/North Center · December 18, 2025

North Center's vibrant commercial corridor is getting a boost as Chicago-based North American Real Estate recently acquired three single-tenant buildings along the popular Southport Avenue. The properties, located at 3337, 3358, and 3435 N. Southport Ave., were purchased last week by the same investor who recently bought the retail portion of the iconic Tribune Tower.

What makes this acquisition particularly noteworthy is the corridor's impressive 100% occupancy rate, indicating the continued strength and appeal of the area for both businesses and shoppers. The transaction represents growing confidence in North Center and surrounding neighborhoods as prime investment locations in Chicago's north side commercial landscape.

Residents can expect continued stability for favorite neighborhood businesses housed in these properties, while the investment signals potential for thoughtful commercial development in the area. The Northcenter Chamber of Commerce, dedicated to helping 'grow businesses and strengthen our community,' sees such investments as complementary to maintaining the area's unique character of 'diverse dining, lively bars, and unique shops' that make the neighborhood special.

Sources:
1. https://www.costar.com/article/1729376562/chicago-retail-investor-adds-three-buildings-in-north-side-corridor-that-is-100-leased
2. https://www.northcenterchamber.com/