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Greenstone Partners Marketing Two Loft Properties in Booming Fulton Market
Commercial real estate brokerage firm Greenstone Partners has listed two contiguous loft buildings in Chicago’s booming Fulton Market District, just one-mile west of the city’s central business loop, Greenstone said in a press release.
The 78,246-square-foot multi-tenant flex building located at 350 N. Ogden Ave. is now listed at $11.9 million. The neighboring 345 N. Loomis, a 60,718-square-foot fully occupied building home to renowned recording and professional rehearsal facility The Music Garage, is listed at $9.8 million.
Greenstone Partners’ Managing Partner, Danny Spitz is representing each of the sellers and marketing the properties.
“Conceptually, we see the endless opportunities these properties would convey to ownership by surveying the neighborhood success stories surrounding them – such as Fulton West, which advanced the life science ecosystem in Fulton Market, the 500+ new units recently delivered at Ogden and Randolph, as well as over two million square feet of new development proposed directly across the street,” said Spitz.
“350 N. Ogden represents a blank canvas option for investors interested in establishing their own value enhancement vision with frontage and visibility along Ogden. 345 N. Loomis, on the other hand, presents the opportunity to purchase the building along with the successful music studio business as a bundle or an investor can solely purchase the property.”
- ◦Sale/Acquisition