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Moody Institute Puts River North Acreage on the Market

Moody Bible Institute (MBI) has hired HFF, now part of JLL, to market a portion of the school’s downtown campus. The 10-acre swath could be redeveloped with up to five million square feet in a variety of uses, ranging from multifamily to tech-friendly office space.

Calling the MBI parcels a “generational large-scale urban infill development site,” a marketing flyer from HFF touts the property as the only remaining site offering significant scale in River North.

The flyer notes that the property sits at the confluence of “Chicago’s most popular and aspirational neighborhoods: River North and the Gold Coast,” and that it’s “ideally positioned in a walk-to everything location.”

Crain’s Chicago Business reported that pricing for the MBI parcels wasn’t clear. The school announced earlier this month that it would sell some of the non-core portions of its campus real estate “to help fund our 2030 growth plan.”

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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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