Shapack Partners Acquires Industrial Property In Chicago For $8.5M

Shapack Partners acquired a 27,000-square-foot industrial property located at 224 N Ada St, Chicago, IL, 60607 for $8,500,000. The asset is situated at the western edge of Fulton Market within the Chicago market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,500,000.00
• Address: 224 N Ada St, Chicago, IL, 60607
• Square Footage: 27,000
• Seller's Representative: Scott Maesel
• Buyer: Shapack Partners

The seller was a venture of Leslie Hindman Auctioneers, which had previously acquired the property in 2012 for $1.2 million. This transaction marks Shapack Partners' first property acquisition west of Morgan Street in the West Loop area.