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Sterling Bay Finalizes Fulton Market Sale to Deka Immobilien
Sterling Bay and institutional investors advised by JPMorgan Global Alternatives have completed the sale of 210 N Carpenter, a fully leased, 206,315 square‐foot office and retail building in the Fulton Market District. Cushman & Wakefield marketed the property, procuring Deka Immobilien as the buyer at a final sale price of $169 million.
“As Chicago continues to navigate its way out of the pandemic, developments like 210 N Carpenter deliver critical financial opportunities that bolster our city’s local economy and increase its visibility with foreign investors,” said Andy Gloor, CEO of Sterling Bay. The property’s most notable tenant is Google, which occupies 132,000 square feet.
“The sale of this premier trophy office asset is further evidence that downtown Chicago, and Fulton Market specifically, remains at the very top of the list for new investment amongst the world’s largest and most sophisticated investors,” said Tom Sitz, executive director at Cushman & Wakefield.
- ◦Sale/Acquisition
