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Chicago & Midwest  + North Side  + Hospitality  | 
Kendall College formerly iccupied the building at 900 North Branch Street in Chicago

WPC Lists Former Kendall College Building on Goose Island

W. P. Carey (WPC) has hired the capital markets team in Cushman & Wakefield’s Chicago office to sell Kendall College’s former building at 900 N. North Branch St. on Goose Island, reported Crain’s Chicago Business. The offering doesn’t include an asking price. 

The 178,733-square-foot building was home to for-profit culinary arts and hospitality management school Kendall College from 2005 until 2018, when its degree programs were acquired by National Louis University and moved to Michigan Avenue. WPC bought it in 2008 in a $28.7-million sale-leaseback. 

Crain’s reported that the intent behind putting the property on the market is that buyers will line up to acquire it while a new Bally’s casino and entertainment complex and a mix of apartment high-rises are on track to be developed nearby. The building is across the street from a former Greyhound bus maintenance facility that Onni Group plans to redevelop with 2,700 apartments. 

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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 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