SALE of 336 N Michigan Avenue

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Attorney Patrick C. Turner recently represented his client in the sale of a $2.9 million 4-story commercial building at 336 North Michigan Avenue in Chicago, formerly 65 Chinese Restaurant and Bakery.

Mr. Turner assisted with the termination of the existing lease, the liquidation of the tenant’s restaurant equipment, and arranged for a tax deferred exchange.

Negotiations are pending on a contract to purchase a newly constructed strip center in Addison, Illinois. The purchase will serve as the replacement property to defer the substantial gain realized from the sale of this unique Michigan Avenue property.

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