1542 N. Damen / 2010 W. Pierce

A joint venture between Stocking Urban and Ashland Capital has officially closed on the premier 27-unit mixed-use property at 1542 N. Damen and 2010 W. Pierce in the heart of Chicago's Wicker Park.

This trophy asset, located steps from the Damen Blue Line and home to top-tier tenants like La Colombe and Urban Belly, was acquired with financing from Wintrust Bank.

The partnership will now execute its value-add business plan, which includes cosmetic unit renovations and strategic retail repositioning to capitalize on the neighborhood's powerful market fundamentals and immense renter demand.