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Diamond Realty Sells Kinzie Corridor Asset After Upgrades
JLL recently arranged the sale of one of the first stabilized buildings in the Kinzie Industrial Corridor submarket for an undisclosed sum. 1901-1933 W. Fulton totals approximately 32,000 square feet, with three tenants and a surface parking lot.
A JLL team of Robin Stolberg and Sean Devaney worked on behalf of the seller, Diamond Realty Holdings, which first purchased the building in late 2018. With the goal of upgrading and repositioning the industrial building, Diamond Realty initiated an extensive upgrade.
“From the start, our strategy has always been centered around purchasing, upgrading and leasing industrial buildings located in highly desirable areas within the Chicago market,” said Josh Diamond, principal of Diamond Realty. “One of the reasons why this transaction was successful is due to our process of identifying the right asset, purchasing at the right basis, making strategic and very pointed improvements, then leasing and selling the asset quickly.”
- ◦Sale/Acquisition
