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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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Inside The Story

Connect With Podolsky Circle’s Tarantur and Vanderstappen

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 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).

  • ◦Development
  • ◦Sale/Acquisition