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Chicago & Midwest  + North Side  + Office  |  February 27, 2019
Paul Bubny
By: Paul Bubny

Interra Brokers Flex Office Sale in Kinzie Corridor

Interra Realty has brokered the $3.9-million sale of 1827 W. Hubbard, a 33,000-square-foot flex office building in West Town, within the Kinzie Industrial Corridor. The firm’s Colin O’Malley and Jon Morgan represented the private seller in the sale to Dayton Street Partners.

“The city’s proposed rezoning of the Kinzie Industrial Corridor is attracting strong interest from investors and developers, as they look to move west of Fulton Market,” said Morgan. “1827 W. Hubbard is indicative of this broader trend.”

Built in 1960, the property is leased to a single tenant, Tablescapes Chicago Party Rentals. It has 6,320 square feet of fully-conditioned showroom space, two loading docks and a paved parking lot with space for 34 vehicles.

“The property’s attractive location in the Kinzie Industrial Corridor, on-premise parking and proximity to public transportation and nearby expressways were all factors in our decision to buy,” said Dayton Street principal Michael Schack.

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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 16-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 7-10 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).
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