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Colliers Arranges Office Condo Sale in Fulton Market
Colliers International Chicago’s Michael Senner and Thomas Volini represented West Fulton 1400 LLC in the sale of a 69% condominium interest in the 62,555-square-foot office building at 1400 W. Fulton St. NARE Investments purchased the space at the three-story building for an undisclosed sum.
“Fulton Market remains the most dynamic submarket in the city,” said Senner. “For investors looking to capitalize on the continued explosive growth within the market, at a reasonable cost basis, 1400 W. Fulton was the perfect opportunity. The sale will allow NARE to offer flexible commercial unit sizes in a market otherwise catering to large users.”
NARE Investments will take ownership of 10 commercial loft units ranging in size from 1,000 to 9,500 square feet and totaling 42,998 square feet, along with 13 parking spots. They’re 97% occupied.
Originally built in 1920, the brick-and-timber 1400 W. Fulton was renovated between 2014 and 2017.
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