Domus Special Situations Group picked up a commercial building in Fulton Market, completing a nearly $20 million block-long assemblage in the booming neighborhood.
The Chicago-based private equity firm bought the commercial building at 1155 West Fulton Street for $10 million on Feb. 5. That same day, Domus paid $9.5 million for the adjoining building at 1133 West Fulton Streett, giving the firm control over the south side of Fulton between Racine Avenue and May Street.
Both properties were acquired from a trust, Cook County property records show.
Domus financed the purchase of 1133 West Fulton with a $7.3 million acquisition loan from MB Financial. The firm also took out a $7 million loan from MB Financial for the 1155 West Fulton acquisition, The Real Deal previously reported.
Domus has not announced plans for the newly acquired commercial building, and a representative of the firm did not immediately respond to a request for comment. The company’s portfolio is concentrated in North and Near West Side residential and mixed-use properties, according to its website.
The commercial property Domus acquired is partially leased by Mars Gallery, an art exhibit and gallery space that has been in the West Loop for 25 years, according to its website.
In acquiring the Fulton Market property, Domus joins a number of investors and developers targeting the western edge of the neighborhood.
Shapack Partners, which helped lead the transformation of Fulton Market, in January bought a warehouse property at 400 North Noble Street for $6.5 million. Sterling Bay has also bought properties in the area, including a former waste transfer station at Racine and Carroll avenues.
Domus’ newly acquired property is next to McCaffery Interests’ planned mixed-use project, which has signed food hall firm Galley Group to a 13,000 square-foot lease.