Chicago & Midwest + Downtown + Office | July 29, 2022

CBRE’s Keely Polczynski Brokers Sale of Fulton Market Loft Offices

CBRE’s Keely Polczynski and Blake Johnson arranged the sale of 217 N Jefferson, a 58,803-square-foot boutique, brick-and-timber loft office building in Chicago’s Fulton Market district. Metonic sold the property to a private buyer. A sale price wasn’t disclosed.

Built in 1937 and renovated in 2017, 217 N Jefferson is a six-story brick and timber office building at the doorstep of Fulton Market. The sale also included 40 surface level parking spaces.

“Downtown Chicago’s collection of fully repositioned, loft office buildings are some of the best preforming assets in the city, making this offering exceedingly rare,” said Polczynski. “It is no secret that there is an increased emphasis on quality space and Fulton Market is leading the way in this category.”

According to a recent CBRE report, between Q1 2020 and Q1 2022, 60 office leases of more than 20,000 square feet were signed by tenants relocating in the Chicago market.

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CBRE's Polczynski

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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