Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Downtown  + Illinois  + Industrial  | 

Sterling Bay Selling Fulton Market Development Site Near Google HQ

Chicago developer Sterling Bay has hired JLL to sell 345 N. Aberdeen Street, a 48,383-square-foot site with a 17,553-square-foot industrial building that could be demolished and replaced, reported Crain’s.

JLL’s Dan Reynolds and Jack Hubbard are representing the Fulton Market listing, which is next to Google’s Midwest headquarters. Sterling Bay bought the property for $20.8 million from poultry processor Cougle Commission in 2021. The firm is seeking approval for zoning that would allow for an approximately 559-unit residential building to be constructed.

The site is just south of where Sterling Bay is planning a 390-unit apartment tower. The firm also recently completed another 29-story residential building at 160 North Morgan Street. Fulton Market has seen an explosion in developments, including life sciences and multifamily projects.

Connect

Inside The Story

Sterling BayJLL

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

New call-to-action
New call-to-action