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Interra Brokers Deal in Kinzie Corridor

Interra Realty brokered the $2.58-million sale of 424 N. Wood St., a 20,523-square-foot industrial/flex building in Chicago’s Kinzie Industrial Corridor.
Director Colin O’Malley represented seller 424 N. Wood LLC. The buyer, Diamond Realty Holdings, plans to open up and modernize the space, similar to upgrades it has made to several nearby properties.
“The buyer is committed to the neighborhood and feels 424 N. Wood is only going to grow in value,” said O’Malley. “The property is minutes to downtown but permits industrial use. It’s between the West Loop and Fulton Market, which is booming with new mixed-use developments, and West Town and Ukrainian Village, which also have seen substantial commercial and residential growth in recent years.”
Built in 1930, 424 N. Wood is a single-story bow-truss building with offices in the front and industrial flex space in the back. 

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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 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).

  • ◦Sale/Acquisition