Fidelis Buys Former North Riverside Sears from Seritage
Alan Hassenflu's Fidelis Realty Partners didn't need a catalog to buy another former Sears store. The Houston, Texas-based commercial real estate f...
Alan Hassenflu's Fidelis Realty Partners didn't need a catalog to buy another former Sears store. The Houston, Texas-based commercial real estate firm scooped up the 180,000-square-foot property at 7503 West Cermak Road in suburban North Riverside earlier this year for $11.1 million, according to Cook County public records. Fidelis did not respond to a request for comment. That marked its second purchase of a defunct Chicagoland Sears from New York-based Seritage Growth Properties, the real estate investment trust formed in 2015 to sell off the retailer's property portfolio so it can pay off a massive loan to Warren Buffett's Berkshire Hathaway.