Will Murphy Of Cedar Street Acquires Two Vacant Office Buildings In Fulton Market For $6.5M

The property involved in this transaction is an office asset located at 1332–1338 West Lake Street in Fulton Market, Chicago. It consists of two connected vacant buildings totaling 36,000 square feet. The sale price for the property was $6,500,000, translating to a price per square foot of $181.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,500,000
• Address: 1332-1338 West Lake Street, Fulton Market, Chicago
• Square Footage: 36,000 SF
• Price Per Square Foot: $181
• Buyer: Will Murphy - Cedar Street
• Seller: Leslie Hindman
• Broker: SVN Chicago Commercial

Will Murphy of Cedar Street represented the buyer in this transaction, while Leslie Hindman was the seller. The developer plans to pursue a 300-unit multifamily project, indicating consideration of market conditions such as high interest rates and investor caution in Chicago.