Diamond Realty Holdings Makes Eighth Kinzie Corridor Acquisition
Diamond Realty Holdings (DRH) has acquired 300 North Oakley Blvd., a 32,756-square-foot warehouse in the Kinzie Industrial Corridor submarket. DRH worked directly with the seller and the property was delivered vacant at closing at a purchase price of approximately $130 per square foot.
“With this being our furthest west acquisition to date, we are seeing the boundaries continue to expand due to an increase in demand and limited supply,” said Josh Diamond, principal of DRH. “Our plan with this project is to implement a speculative strategic clean-up and market thereafter for lease.”
With this acquisition, DRH owns eight assets in the Kinzie Corridor totaling more than 130,000 square feet.
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).