Sterling Bay puts its Fulton Market HQ up for sale

The prolific Chicago developer could fetch up to $200M for its 190K sf “Fulton West” complex

Chicago /
May.May 01, 2019 04:30 PM
Sterling Bay CEO Andy Gloor and 1330 West Fulton Street (Credit: Sterling Bay and iStock)

Sterling Bay CEO Andy Gloor and 1330 West Fulton Street (Credit: Sterling Bay and iStock)

Sterling Bay is looking to sell the Fulton Market office building it calls home.

The developer behind the planned Lincoln Yards megaproject could reap up to $200 million for its “Fulton West” headquarters at 1330 West Fulton Street, according to Crain’s..

Sterling Bay built the 290,000-square-foot complex itself after buying the block-sized property in 2014 for $22 million. Other tenants include Dyson, Glassdoor, Climate Corp. and Skender Construction

The firm was credited with helping kick off the Fulton Market office construction frenzy with its 2012 transformation of a former cold storage facility into Google’s 1K Fulton headquarters. It recently completed a 200,000-square-foot office building at 210 North Carpenter Street, and it’s underway on construction of a 19-story office complex at 333 North Green Street.

Earlier this year, Sterling Bay put its 159-key Ace Hotel on the market with a $100 million asking price. Last year, it sold the site of another planned Fulton Market office project 113 North May Street.

Eastdil Secured is marketing the property for Sterling Bay. [Crain’s]Alex Nitkin


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