Thursday, December 18, 2014

Yusef Jackson sells West Loop building for $7 million

By: Micah Maidenberg | Dec 18, 2014 | Crain's Chicago Business

Yusef Jackson sold a 40,000-square-foot property at 401 N. Ogden Ave. that's leased to beer distributor Lakeshore Beverage, which was formed when Jackson sold his beer distributorship last year. Peppercorn Capital paid $7 million for the property, said Peppercorn President Phil Denny. When Jackson sold his business, a venture he led retained control of the Ogden Avenue property, which it bought for $2 million in 2011, according to Cook County property records. Chicago-based Peppercorn wanted to purchase the property in part because it's fully... Read More...

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