November 20, 2020
Interra Realty brokered the $2.58-million sale of 424 N. Wood St., a 20,523-square-foot industrial/flex building in Chicago’s Kinzie Industrial Corridor.
Director Colin O’Malley represented seller 424 N. Wood LLC. The buyer, Diamond Realty Holdings, plans to open up and modernize the space, similar to upgrades it has made to several nearby properties.
“The buyer is committed to the neighborhood and feels 424 N. Wood is only going to grow in value,” said O’Malley. “The property is minutes to downtown but permits industrial use. It’s between the West Loop and Fulton Market, which is booming with new mixed-use developments, and West Town and Ukrainian Village, which also have seen substantial commercial and residential growth in recent years.”
Built in 1930, 424 N. Wood is a single-story bow-truss building with offices in the front and industrial flex space in the back.
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