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Chicago & Midwest  + South Side  + Industrial  |  August 23, 2023
Jasmine Kilman
By: Jasmine Kilman

Sterling Bay Purchases Industrial Building in Chicago’s Archer Heights

Sterling Bay closed on the purchase of 4510 W Ann Lurie Place, a 7.5-acre land parcel in Chicago’s Archer Heights neighborhood. The firm plans to develop a 147,500-square-foot industrial facility to meet the increasing demand for modern industrial product.

The acquisition was made in partnership with Affinius Capital, with a construction loan from First National Bank of Omaha. The development will be constructed by PREMIER Design + Build Group, and the LEED Silver-certified facility will support sustainable operations, with EV charging stations and upgraded steel components for future solar panel integration.

The company is set to break ground later this year, creating upwards of 35 full-time jobs once fully occupied. “By prioritizing strategic urban planning, innovative design, and sustainable practices, like we’ve done here at 4510 W Ann Lurie Place, we aim to develop spaces that foster economic growth, create job opportunities, and enhance community resilience across Chicago,” said Andy Gloor, CEO at Sterling Bay.  

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Sterling BayAffinius CapitalFNBOPDB Group

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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