Developer Sy Taxman Sells The Gateway to LaSalle Investment Management

Sources confirm that Sy Taxman sold the Mariano’s anchored Gateway retail center to LaSalle Investment Management for an undisclosed amount. It still remains to be seen what the vacant lot, currently being used for parking, on Green and Madison will bring.

Developer sells new West Loop shopping center to LaSalle Investment
By: Micah Maidenberg | April 10, 2013

Photo from CoStar

Developer Seymour “Sy” Taxman has sold a new West Loop shopping center anchored by a Mariano's supermarket, taking advantage of investor hunger for retail properties leased to grocers.
A joint venture between Mr. Taxman's Skokie-based Taxman Corp. and a Wheaton-based venture headed by former Trammell Crow executives Timothy Barrett and Gene Porto sold the Gateway to the West Loop to LaSalle Investment Management, the investment arm of Chicago-based Jones Lang LaSalle Inc., sources said.  Read More...