Range Group Acquires Redevelopment Sites At 1133 & 1201 W. Kinzie Street In Chicago

The transaction involves the sale of two redevelopment land sites located at 1133 and 1201 West Kinzie Street in Chicago's Fulton Market. The combined land area totals 41,714 square feet. The buyer of the first site is Range Group, while the second site was acquired by a Chicago-based developer/investor, with both properties being sold by North Carroll, LLC.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: Not disclosed
• Address: 1133 & 1201 West Kinzie Street
• Market: Chicago, IL
• Square Footage: 41,714
• Buyer: Jeff Willner - Range Group
• Seller: North Carroll, LLC
• Brokers: Tom Svoboda, Dominic Soltero & Larry Goldwasser - CBRE

CBRE facilitated the transaction, representing the seller with their team. The planned developments for the sites include a 109-unit multifamily development for the first site and a 66-unit multifamily development for the second site. The deal showcases the strategic interest of developers in the Fulton Market area of Chicago.