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Chicago & Midwest  + Downtown  + Apartments  | 

SVN | Chicago Brokers Fulton Market Land Parcel Sale

Scott Maesel and Drew Dillon of the Urban Real Estate Team of SVN | Chicago Commercial helped secure a 1.36-acre land parcel sale at 1143 W. Lake St. in the Fulton Market District. The asset sold for more than $32 million to LG Development, with Maesel and Dillon representing the seller.  

Plans for the site include two apartment buildings totaling 665 units and 290 parking spaces. Both buildings will include ground-floor retail.  

SVN helped shepherd the transaction to close through a mayoral administration change as well as the COVID-19 pandemic. The site was occupied by one of the last meatpackers to exit the once-industrial area that has been transformed into a luxury residential, office, and retail destination. 

 “This project shows continued investor interest in Fulton Market in these unprecedented times and highlights the strength of the submarket going forward,” said Dillon. 

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SVN | Chicago

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 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).

  • ◦Sale/Acquisition
  • ◦Development
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