Drew Millard Of Concord Capital Acquires Loft Office Buildings For $8.5M In Chicago

Concord Capital acquired two loft office buildings located at 445 West Erie Street and 542 South Dearborn Street in Chicago for a total sale price of $8,500,000. The properties, situated in the Printer’s Row area, include the historic Pontiac Building. The planned redevelopment involves a conversion from office to residential use, with intentions to transform the buildings into apartments.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,500,000
• Buyer: Drew Millard - Concord Capital
• Location: 445 West Erie Street & 542 South Dearborn Street, Chicago
• Market: Chicago

Drew Millard represents Concord Capital in this transaction, focusing on the redevelopment strategy which aligns with the ongoing trend of office-to-residential conversion in urban settings.