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Family Trust Sells West Loop Industrial After 50-Year Hold
Podolsky Circle CORFAC International has arranged the sale of 215 N. Laflin St., a single-story industrial property in the West Loop. The firm’s Adam Tarantur and Austin Vanderstappen represented the seller, a family trust, in the disposition. The property sold for $1.4 million to an undisclosed buyer.
“After over five decades of ownership, the family determined it was time to divest of the asset,” said Vanderstappen. “The buyer acquired 215 N. Laflin for an adaptive reuse project. Once renovations are complete, the property will welcome a use that remains consistent with the progress that the Fulton Market area has experienced in recent years.”
Located off of Lake Street, between Ashland and Ogden Avenues, the 8,258-square-foot 215 N. Laflin offers easy access to the city and is a short walk from the Pink and Green “L” lines. The property is also near an established retail corridor.
Podolsky Circle’s Alissa Adler will be among the expert panelists at Connect Chicago, coming up on May 14! Click here to register for the event.
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