Great article from RE Journals.com.
L3 Capital LLC is heavily invested in urban retail. Just in the Southport corridor of Chicago’s Lakeview neighborhood — one of the city’s busiest — LC Capital has invested $20 million in retail projects dotting a two-block stretch. There’s a reason why L3 is so interested in urban retail; the demographics and foot traffic that come with it. “This is an exciting space for us,” said Greg Schott, principal at L3. “The Southport corridor is an active one in Chicago. It’s taken on its own character as a place to buy quality, eclectic fashion. That’s really given the area an identity.”
See more at: http://www.rejournals.com/2013/08/29/chicagos-l3-capital-believes-in-the-power-of-urban-retail/#sthash.2upwTHgw.dpuf