STERLING BAY COMPLETES $22M FULTON WEST PORTFOLIO BUY

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CHICAGO — Sterling Bay Cos. has completed the $22 million acquisition of Fulton West, a portfolio of existing and partially completed office, retail and parking facilities in the Chicago area, from an affiliate of Marc Realty. In its current stage of development, Fulton West includes three loft-style office buildings totaling approximately 165,000 square feet and parking facilities — structures and surface lots — for more than 314 vehicles. The Fulton West portfolio is bounded by Fulton Street North and Carroll Avenue between Elizabeth Street (eastern boundary) and Ada Street (western boundary). Sterling Bay expects the projects to be completed by Spring 2016.

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