Houston-based Hines scoops up Chicago shopping center, Wicker Park Commons, for $70M ($321psf) from DWS

  • 5/18/2026

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Highlights
DWS Group is selling the Wicker Park Commons at 1279 North Ashland Avenue to Hines Global Income Trust for $70 million. 
The purchase is nearly $25 million less than the 2015 price DWS Group paid: $94.75 million. 
The move comes as DWS Group has been systematically moving away from office buildings and reallocating capital into multifamily complexes. 

Hines
Dave McGinnis | Senior Managing Director-Midwest Region
DWS Group
Jay DeWaltoff | Head of U.S. Real Estate Debt

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