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CBRE Markets Ground Lease Opportunity in Fulton Market
CBRE has been retained by Bridgford Foods Corporation to offer for long-term lease 170 N. Green St., a 156,000-square-foot food processing plant in the Fulton Market District. The property could be subject to potential re-entitlement and redevelopment by prospective lessors under a long-term ground lease.
Keely Polczynski of CBRE will represent ownership. Bridgford will also consider a sale, partial sale, joint venture or lease.
The site was re-entitled in 2017 to allow for a mixed-use project of up to 314 multifamily units and 40,000 square feet of retail. A recent new ordinance modifying Chicago’s Downtown District boundaries could potentially offer the ability to re-entitle and add more density.
“This is one of the strongest redevelopment opportunities in the city,” said Polczynski. “This corner location will be surrounded by some of the city’s newest apartment and office developments, giving users direct access to a growing portion of Chicago’s top talent.”
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- ◦Development
- ◦Sale/Acquisition
- ◦Lease
