SVN | Chicago Commercial has listed 1100 W Grand Ave in Chicago on behalf of Sterling Bay and its joint venture partner, JPMorgan Asset Management. The 22,100-square-foot parcel is located in River West, an area adjacent to Fulton Market and River North that was recently rezoned for residential development.
“Fulton Market is Chicago’s highest-performing submarket for commercial real estate, and River North has maintained a strong foothold, as well,” said Andy Gloor, CEO of Sterling Bay. “With the recent rezoning of the area for residential development and the site’s proximity to two of the city’s most populated neighborhoods, 1100 W Grand has firepower to become a residential destination serving both submarkets and has generated substantial off-market interest.”
Lead advisors on the listing are SVN |Chicago’s Scott Maesel and Drew Dillon. The JV acquired the site in 2014; it’s currently used as a surface parking lot.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.