Sterling Bay’s new Fulton Market HQ is a Sterling Bay construction

The Chicago-based developer will move into the 550K sf Gr333n building, where construction was expected to be completed this year

TRD CHICAGO /
Nov.November 08, 2019 03:00 PM
Sterling Bay’s Andy Gloor and renderings of 333 North Green Street (Credit: Sterling Bay)

Sterling Bay’s Andy Gloor and renderings of 333 North Green Street (Credit: Sterling Bay)

Sterling Bay is moving headquarters to a new location in Fulton Market, at one of its own under-construction properties.

The Lincoln Yards developer will relocate to the 555,000-square-foot building at 333 North Green Street after construction wraps up, according to Crain’s. Construction was supposed to be completed this year.

Sterling Bay helped ignite the development transformation of the Fulton Market District from a meatpacking hub to a top target for corporate offices with surging property values.

The 19-story building — known as Gr333n — is already 90 percent leased, with other future tenants including advertising agency WPP, co-working firm Convene and global accounting giant Ernst & Young — which now brands itself as EY — moving into almost 400,000 square feet.

In August, Sterling Bay sold its 290,000-square-foot headquarters on the western edge of Fulton Market at 1330 W. Fulton Street. The buyer was German real estate investment firm Commerz Real, which paid close to $168 million for the building that was completed in 2017, according to Crain’s.

Sterling Bay leases 35,000 square feet at that property, and is expected to take about the same at the new building. [Crain’s] — Brianna Kelly


Related Articles

arrow_forward_ios
500 West Monroe Street and Spear Street Capital founder John Grassi (Credit: Google Maps)

Downtown office tower trades for $412M

Renderings of Millennium on LaSalle  

This office-to-luxury rental deconversion just got a big loan

Thor Equities CEO Joe Sitt and a rendering of 800 West Fulton Market (Credit: SOM)

Thor Equities lands $144M construction loan for new tower

Flexport CEO Ryan Petersen and 333 N. Green Street (Credit: Getty Images, Sterling Bay)

Sterling Bay inks tech firm to latest lease at Fulton Market HQ

From left: 932 West Randolph Street, 1020 West Lake Street and 1020 West Randolph Street (Credit: Google Maps)

Still hungry: L3 Capital adds to Fulton Market buying binge

The planned Standard Hotel at 1234 W. Randolph and Marquette Companies’ planned apartment building at 1440 W. Randolph St. in the Fulton Market District

Despite approvals, Fulton Market projects under fire

Corey Crawford and Hayden West Loop at 1109 West Washington Boulevard (Credit: Getty Images)

Corey Crawford ID’d as buyer of $4M Hayden West Loop condo

Oakbrook Terrace Tower at 1 Tower Lane and Blackstone's Jon Gray (Credit: Google Maps, Getty Images)

Blackstone Group notches big real estate win in Chicago suburbs

arrow_forward_ios