A New York real estate investment company sold its Oak Street property in Chicago for $120 million, the highest-priced sale of a Chicago retail property since 2016. Jenel Management sold the 32,000-square-foot development at 57-65 East Oak Street to a German investment fund managed by Union Investment Real Estate, according to Crain’s Chicago Business. The deal pencils out to $4,165 per square foot, the third most ever paid for a retail property in the city. The post NY real estate investment firm sells Oak Street property for $120M appeared first on The Real Deal New York.