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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
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