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Interra Realty Brokers $3.9 Million Sale of 1827 W. Hubbard in Chicago’s Kinzie Corridor

CHICAGO — Interra Realty has arranged the sale of 1827 W. Hubbard, a 33,000-square-foot flex office building in Chicago’s West Town neighborhood. Chicago-based Dayton Street Partners LLC paid $3.9 million to acquire the structure located within the Kinzie Industrial Corridor. Interra’s Colin O’Malley and Jon Morgan represented the private seller.  Built in 1960, the 33,000-square-foot building is currently leased to a single tenant, Tablescapes Chicago Party Rentals. The property features 6,320 square feet of fully conditioned showroom space, two loading docks and a paved parking lot with space for 34 vehicles.

The city’s proposed rezoning of the Kinzie Industrial Corridor is attracting strong interest from investors and developers as they look to move west of Fulton Market, according to Interra Realty. The property is located less than a mile from Metra’s Western Avenue station and the Chicago Transit Authority’s Green/Pink Line station at Ashland/Lake. The planned Green Line stop at Damen/Lake, scheduled for completion in 2020, is expected to further enhance accessibility in the immediate area, which is approximately one mile from both the Kennedy and Eisenhower expressways.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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