JV of CRG and Shapack Completes Fulton Market Land Acquisition
A joint venture led by CRG and Shapack Partners has completed the land acquisition of the former 156,000-square-foot Bridgford Food Corporation Chicago food processing facility at 170 N. Green St. In Chicago’s Fulton Market District. The acquisition clears the way for development of a mixed-use project with 250 apartments, 350,000 square feet of Class A office, 150 boutique hotel rooms and 40,000 square feet of retail.
CRG’s parent company, Clayco, is the builder on the project and its subsidiary Lamar Johnson Collaborative is the architect. Shapack’s Paige O’Neil and Annie Kwasigroch will oversee retail and office leasing. The disposition team for Bridgford was led by CBRE’s Keely Polczynski.
“We are happy to have successfully closed on one of the last large-scale and best located sites located in Fulton Market,” said Shawn Clark, president of CRG. “This acquisition represents an important milestone for CRG and our investment in Chicago.”
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).