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Norton Rose Fulbright will be the first law firm to establish an office in Chicago's Fulton Market District

MDG Taking Over Fulton Parcel Next to Google HQ

Murphy Development Group is under contract for a development site next to Google’s Midwest headquarters in the Fulton Market District, Crain’s Chicago Business reported. Murphy will take over development of a seven-story office property from a venture led by New York-based Madison Capital.

Madison won city approval last year to build an approximately 100,000-square-foot office building on the site of the former Sam’s Meat warehouse at 328 N. Carpenter St. Murphy expects to close on the acquisition this coming January.

“It’s all about the location,” Murphy Development’s John Murphy told Crain’s, referring to the Fulton Market District, where some six million square feet of office development is planned or under construction. “The activity is so robust, the absorption is strong.”

Murphy told Crain’s he had financing in place and would launch construction regardless of whether any pre-leases were signed. The property will also include ground-floor retail and a rooftop deck.

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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).

  • ◦Development
  • ◦Sale/Acquisition
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