July 12, 2019 Comments Off on JV Divests Trio of Fulton Market Office Assets Views: 683 Chicago News, Downtown

JV Divests Trio of Fulton Market Office Assets

NKF has arranged the sale of a three-property office/retail portfolio in Chicago’s Fulton Market District. The firm’s Andy Gallas and Gino Tabbi oversaw the transaction on behalf of the seller, a joint venture between Madison Capital and ASB Real Estate Investments, and the undisclosed buyer, identified by Crain’s Chicago Business as Asana Properties.

Totaling 77,155 square feet, the portfolio comprises 939 W. Fulton St. (37,353 square feet), 936 W. Fulton Street (16,957 square feet) and 312 N. Carpenter Street (22,845 square feet). A majority of the portfolio is stabilized, being anchored by Vital Proteins’ new headquarters at 939 W. Fulton and iCrossing at 312 N. Carpenter.

NKF also represented the JV when it originally purchased the portfolio back in 2015. At that time, the three historically-landmarked buildings were being utilized as meat-packing facilities. Over the past four years, Madison Capital and ASB have revitalized them into modern, mixed-use buildings.

Pictured: 939 W. Fulton

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