Developer sells new West Loop shopping center to LaSalle Investment

    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.

    The property at 14-40 S. Halsted St., which opened in October, includes a 72,000-square-foot Mariano’s and 24,000 square feet of small stores that are fully leased to tenants including Pet Stuff, Ulta and five others.

    Read more in Crain’s Chicago Business.

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