Lowis & Gellen Client purchases Chicago Landmark Delicatessen

Lowis & Gellen represented the buyer in its acquisition of a Chicago landmark delicatessen. The delicatessen, a fixture on Chicago's north side for over 50 years, sold in an all cash deal involving bank and SBA financing.

The transaction consisted of a combination stock and real estate purchase, with the real estate being placed separately into a limited liability company especially created for that purpose.

The Lowis & Gellen team consisted of Gerald Haberkorn, Robert Leavitt and Jim Lechowicz, and exclusively handled all legal aspects of the transaction including the creation of the special purpose real estate LLC, and the structuring, drafting and negotiating of the purchase and finance documentation.

For more information, please contact:

Jerry Haberkorn, (312) 456-2701

geraldh@lowis-gellen.com