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Chicago & Midwest  + South Side  + Industrial  |  June 27, 2018
Paul Bubny
By: Paul Bubny

Colliers Arranges Industrial Sale to Cinespace

Connect Industrial is coming up on July 11 in Chicago. Here’s a link for more information about the conference and to register.

Colliers International | Chicago has arranged the sale of Crown Steel Sales’ 221,522-square-foot industrial building located at 355 W. 31st St. in Chicago to Cinespace Chicago Film Studios. Steve Kohn and Mike Senner of Colliers represented Crown in the disposition.

“My hats are off to our client who remained loyal and patient throughout the process,” said Kohn. “This was an older crane facility, so it presented us with quite a challenge. We knew it would take a unique user to fill the space. Cinespace had the necessary experience and desire—they are a perfect fit.”

Paine Wetzel’s Ed Wabick represented Cinespace, which specializes in the development, management and operation of studio facilities. In 2011, Cinespace turned the 70-acre former Ryerson Steel Company into Chicago’s “biggest independent movie studio outside of Hollywood” (pictured).


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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 16-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 7-10 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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