Pete Beale-DelVecchio Of Special Olympics Illinois Acquires Office Space In Chicago For $4.7M

The property asset involved in this transaction is a flex office and event space located at 2324 West Fulton Street in Chicago. It encompasses 20,000 square feet and was sold for $4,700,000, resulting in a price per square foot of $235. The property, originally a foundry, underwent renovations in 2014 and 2017. At the time of sale, Ovation Chicago remained as a tenant in the building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $4,700,000
• Square Footage: 20,000
• Price Per Square Foot: $235
• Address: 2324 West Fulton Street
• Market: Chicago
• Buyer: Pete Beale-DelVecchio - Special Olympics Illinois
• Buyer's Representative: Aubrey Englund - NAI Hiffman; Mike Lombardo - Blue Star Properties
• Seller's Representative: Larry Goldwasser & Matt Cowie - CBRE

Key individuals involved in the transaction include Pete Beale-DelVecchio, who represented the buyer, Special Olympics Illinois. The buyer's representatives were Aubrey Englund from NAI Hiffman and Mike Lombardo from Blue Star Properties. Representing the sellers were Larry Goldwasser and Matt Cowie of CBRE, playing crucial roles in facilitating the transaction.