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Peak Realty Tapped to Lease River North Office-to-Apartment Conversion

Peak Realty is now representing 318 W Grand, an office to apartment conversion in Chicago’s River North neighborhood. The brokerage and leasing company is now marketing and leasing the 12-unit building for owner MCZ Development, and Peak Properties LLC is tapped to manage the property. 

“The lease up at 318 W Grand in River North is our first assignment that is part of the new trend of office deconversions to apartments,” said Alex Kushen, Peak Realty’s associate director of leasing. “We are excited to take part in this type of deconversion, which is a new housing product resulting from the post pandemic re-use of buildings.” 

Added Mike Zucker, managing partner for Peak Properties, “This is a smart example of how to convert an office building into a modern multifamily property and the trend will only continue. There will always be some challenges to adapt offices into apartments, yet the results speak for themselves.” 


Inside The Story

Peak Realty

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).

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