Bart Przyjemski Of Noah Properties Acquires 42,000 Square Foot Office In Chicago For $5M

The vacant office building located at 225 West Superior Street in Chicago, IL, encompasses 42,000 square feet and was sold for $5 million. This three-story asset is situated in the River North area of the market. The property had a price per square foot of $119, indicating its valuation in the deal.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,000,000
• Buyer: Bart Przyjemski - Noah Properties
• Seller: Dean Cash - Atel Capital Group
• Broker: Colliers
• Square Footage: 42,000
• Price per Square Foot: $119

Bart Przyjemski from Noah Properties is looking to explore options to convert the property into apartments following the acquisition. The seller, Dean Cash of Atel Capital Group, originally purchased the building for $7 million in 2005. Colliers had previously marketed plans for a potential development of a 13-story, 113,000-square-foot residential project on this site.