### Cobbler Square Apartments in Chicago Sold for $88.25M
JLL has secured the $88.25 million sale of Cobbler Square, a historic 292-unit apartment community located in Chicago’s Old Town neighborhood.
JLL Capital Markets’ Investment and Sales Advisory team represented the seller, with Managing Directors Mark Stern and Kevin Girard, Director Zach Kaufman, and Senior Analyst Sam Grohe leading the transaction. The buyers were JDL Development, LLC, and Centaur Capital Partners.
Cobbler Square is prominently situated at 1350 N Wells St., occupying an entire city block in the heart of Old Town. This prime location offers residents convenient access to restaurants, entertainment venues, North Avenue Beach, and Lincoln Park.
Originally built in 1889 as the Dr. Scholl’s shoe factory, Cobbler Square was converted into a residential complex in 1985. The community features studios, one- and two-bedroom loft-style apartments, alongside approximately 19,038 square feet of fully leased retail space.
