In the Media

Next Realty Acquires 67,000 SF Retail Center in Cincinnati

by Kristin Hiller An affiliate of Next Realty LLC has acquired the Kings Automall Shopping Center, a 67,000-square-foot retail center in Cincinnati. The property is home to tenants such as Planet Fitness, Mirage Restaurant, Play it Again Sports, Salon Concepts, Penn Station, LensCrafters, Samarkand Food Market, Kings Ford, Queens Nails and Your CBD Store. There is • Read More »

Greater Cincinnati shopping center acquired by investors

By Meghan Malas – Editorial intern, Cincinnati Business Courier A Greater Cincinnati shopping center has been acquired by a major real estate investment company. An affiliate of Next Realty LLC acquired Kings Automall Shopping Center, a multi-tenant, 67,000-square-foot neighborhood center, located off Interstate 71 at 9950-9998 Kings Automall Drive, on July 15. Next Realty Fund • Read More »

Next Realty Enters Cincinnati Market with Neighborhood Center Deal

By Paul Bubny An affiliate of Next Realty, LLC has acquired the Kings Automall Shopping Center, a multi-tenant neighborhood center in Cincinnati. Terms of the transaction, made on behalf of Next Realty Fund IX, LP, were not disclosed. This acquisition, the 11th made on behalf of the fund, is the first acquisition for the firm in Cincinnati • Read More »

11 Ways To Find New Opportunities For Vacant Commercial Spaces

Vacant commercial spaces have always been an issue for brokers in the real estate market. After the Covid-19 pandemic struck in 2020, many businesses were forced to shut their doors for good. This led to an increase in the number of vacant commercial spaces throughout the world. The question that commercial brokers have been asking • Read More »

Supporting Tenants and the Neighborhood at Ground Floor Level

By Marc Blum, President and COO, and Amy Levin, Director of Leasing, Next Realty Chicago's real estate community is keenly focused on the unfolding re-turn to work strategies of everyone from Corporate America to the all-important small entrepreneurial businesses. Companies are eager to get back to the office, landlords are looking to bolster tenancies, and • Read More »

Bisnow: This Week’s Chicago Deal Sheet

Taken from an article written by Brian Rogal | Bisnow Chicago SALES An affiliate of Next Realty acquired 935 Lakeview Parkway, a single-story, 47K SF office building in north suburban Vernon Hills, which expands the firm’s portfolio of single-story properties. Terms of the transaction were not disclosed. The acquisition was financed by Marc Zisook of • Read More »

Becovic, Next Realty JV on Milwaukee Apartment Portfolio

By Paul Bubny A joint venture partnership between Becovic and Next Realty, two Chicago-area real estate investment and management firms, has acquired a 14-building, 232-unit multifamily portfolio within a one-mile radius of Marquette University in Milwaukee. Taylor Grant with Park Equities represented the seller, Wiegand Enterprises LLC. The sale price was $16.15 million. The stabilized • Read More »

Vernon Hills office building purchased by investors

An affiliate of Chicago-based Next Realty LLC has acquired a single-story, 47,000 square-foot office building at 935 Lakeview Parkway in Vernon Hills. Terms of the transaction, made on behalf of Next Realty Fund IX LP, were not disclosed. Tenants at the property include Fred's Pro Shop, an ice hockey equipment and accessories store; Gavel International, • Read More »

2 Chicago real estate firms purchase multifamily portfolio in Milwaukee for $16M

By Katherine Davis | Associate Editor | Chicago Business Journal Two Chicago real estate investment companies have acquired a multifamily property portfolio in Milwaukee for $16.2 million. Becovic and Next Realty purchased the 14-building, 232-unit portfolio from Wiegand Enterprises, which owned the portfolio for about 20 years. The properties are within a one-mile radius of • Read More »