Sterling Bay properties (Lincoln Yards parcels) Acquired by Novak Construction | Real Estate Services M&A Deal

Novak Construction has acquired Sterling Bay properties (Lincoln Yards parcels), a real estate services other business in Illinois, for $6 million. The Novak Construction acquisitions add to its North Side Chicago holdings near the former Lincoln Yards site, where Sterling Bay had assembled distressed parcels for a large mixed-use plan. Novak Construction acquisitions focus on real estate services deals IL by expanding control of multiple Lincoln Yards parcels, including properties at 1685 North Elston Avenue and 1907 North Mendell Street. The add on acquisition is a strategic acquisition by a Chicago-based strategic buyer, with the overall Lincoln Yards land position previously purchased for $34 million for 18.4 acres.