### Greenstone Partners Brokers Multi-Tenant Deal for $11.5M
Greenstone Partners has facilitated the sale of 821 W. Eastman, a 23,150-square-foot multi-tenant property in Chicago’s Lincoln Park neighborhood, for $11.5 million.
Managing Partner Danny Spitz represented the seller and secured the buyer, a partnership between Honore Properties and Peerless Development. “The acquisition is a turnkey investment for the new owner, with a significant long-term commitment from the anchor tenant,” said Spitz.
The property is anchored by the British International School of Chicago, which is operated by Nord Anglia, a global education provider with more than 80 schools worldwide. The school occupies 65% of the rentable space and has 17 years remaining on its lease. Other tenants include Bright Horizons and Hill Family Pet Care.
“The city’s recent zoning changes have catalyzed a wave of residential development, finally allowing both residents and businesses to take full advantage of the area’s abundant amenities and transportation options,” added Spitz.
Additionally, industry professionals are invited to attend Connect Industrial Midwest 2025 on Wednesday, March 5, at Joe’s Live in Rosemont, IL. The event will feature an exclusive presentation, including the recognition of Michael Brennan with Connect CRE’s Lifetime Achievement Award and a keynote interview with Kevin Brennan of Brennan Investment Group.
