CBRE Facilitates Office Lease Expansion For Flock Freight At 318 N Carpenter, Chicago

The office property located at 318 N Carpenter St, Chicago, IL, 60607, in the Fulton Market neighborhood, has recently seen significant leasing activity. The building, comprised of 104,000 square feet, is owned by Murphy Development and Creek Lane Capital. Among the tenants in the property are Flock Freight, which expanded to 31,377 square feet, and Kimball International, leasing 12,959 square feet on the seventh floor. Other tenants include Hode Group, Crow Holdings, and Steelite. Building amenities feature a rooftop terrace, tenant lounge, and fitness studio.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Provided
• Tenant: Flock Freight
• Landlord: Creek Lane Capital
• Square Feet: 31,377
• Tenant's Rep: Scott Kulberg

The leasing transactions at 318 N Carpenter were facilitated by a team from CBRE. Jon Cordell and Jason Houze represented the ownership, while Scott Kulberg from Resolution Tenant Advisors represented Flock Freight in their expansion. Additionally, Andy Gooliak and Evan Djikas from Colliers represented Kimball International in their lease. The building, completed in late 2020 by The Walsh Group, still has the 6th and 3rd floors available for lease. According to CBRE's recent report, a significant number of office leases over 20,000 square feet have been signed in Chicago since Q1 2020, with tenants upgrading their space by building class or moving to recently renovated buildings.