Chicago & Midwest + Downtown + Office | April 5, 2022

Cawley Chicago has arranged the sale of a brick, steel and timber building in the West Loop

Cawley Chicago Closes Deal for Fulton Market Offices

Cawley Chicago recently completed the sale of 451 N Racine Ave., a 16,350-square-foot, two-story brick, steel and timber building located on the northern border of Chicago’s Fulton Market. The property traded for $2,800,000.

Managing principal Zach Pruitt and VP Nicholas Schaefer represented the private building owner, 1005 N California LLC in this transaction. Marco Federow with MK Asset Management represented the buyer, an advertising agency called The Times.

“451 N Racine offered The Times a unique opportunity to occupy a newly renovated office on day one in Fulton Market, along with the ability to put their creative stamp on the remainder of the building for their cutting-edge advertising firm,” said Schaefer.

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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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