February 27, 2019
Interra Realty has brokered the $3.9-million sale of 1827 W. Hubbard, a 33,000-square-foot flex office building in West Town, within the Kinzie Industrial Corridor. The firm’s Colin O’Malley and Jon Morgan represented the private seller in the sale to Dayton Street Partners.
“The city’s proposed rezoning of the Kinzie Industrial Corridor is attracting strong interest from investors and developers, as they look to move west of Fulton Market,” said Morgan. “1827 W. Hubbard is indicative of this broader trend.”
Built in 1960, the property is leased to a single tenant, Tablescapes Chicago Party Rentals. It has 6,320 square feet of fully-conditioned showroom space, two loading docks and a paved parking lot with space for 34 vehicles.
“The property’s attractive location in the Kinzie Industrial Corridor, on-premise parking and proximity to public transportation and nearby expressways were all factors in our decision to buy,” said Dayton Street principal Michael Schack.
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