NARE Investments Buys Office Building From West Fulton 1400 LLC In Chicago

Located at 1400 West Fulton Street in Chicago, Illinois, the property involved in this transaction is a 62,555-square-foot office building. The sale, which took place on 07/23/2019, saw NARE Investments acquiring a 69 percent condo interest in the three-story building, comprising of 10 commercial loft units ranging from 1,000 to 9,500 square feet. Additionally, the property includes 13 parking spots and is situated in the bustling Fulton Market West neighborhood.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Address: 1400 W Fulton St, Chicago, IL, 60607
• Market: Chicago
• Seller's Rep: Thomas Volini (Colliers International)
• Buyer: NARE Investments
• SF: 42,998

Representing the seller, West Fulton 1400 LLC, in this transaction were Colliers International brokers Thomas Volini and Michael Senner. Senner, an executive vice president, highlighted the benefits of investing in the vibrant Fulton Market submarket, emphasizing that the property provides an opportunity for investors to capitalize on the area's growth and offer varied commercial unit sizes. The building, originally constructed in 1920 as a brick and timber loft structure, underwent significant renovations between 2014 and 2017, adding modern amenities such as rooftop decks, bicycle parking, and advanced technology.