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Bank Moves Offices from Fulton Market to The Fields Redevelopment
The Federal Savings Bank, a privately held and veteran-owned federally chartered bank, has signed a long-term lease for 50,000 square feet at The Fields, a 23-acre, 1.5-million-square-foot campus that was the former Marshall Field’s warehouse in Logan Square. The project is owned by Knickpoint Ventures, a commercial real estate investment and development company that owns property in Chicago, New York, and Miami.
“Knickpoint Ventures has transformed this historic asset into an integrated, multi-functional creative ecosystem built upon a robust and flexible infrastructure,” said Adam Showalter, managing director of Stream Realty Partners’ Chicago office. “The Federal Savings Bank’s move from the Fulton Market to The Fields further validates Knickpoint’s strategy.”
Showalter, along with Patrick Russo and Jessica O’Hara of Stream’s Chicago office, and Ari Topper and Tyler Dechter of Baum Realty Group, represented Knickpoint Ventures. The Federal Savings Bank was represented by Cushman & Wakefield’s Frank Franzese and Steven Bauer.
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