CHICAGO — Urban Innovations has acquired two office buildings in the Greektown neighborhood of Chicago totaling 150,000 square feet for $14 million. Urban Innovations previously owned the properties and sold them in 2005 to a private investor. The properties purchased include a 60,000-square-foot office building located at 833 W. Jackson Blvd. and a 90,000-square-foot property located at 322 S. Green St. The buildings sit adjacent to one another, separated by a parking lot that services the properties. The company plans to renovate the buildings’ exteriors, common areas, lobbies, restrooms and vacant spaces. Current tenants within the new portfolio include CAN TV, University of Illinois, Incisent Labs Group and Chicago-based nonprofit Family Health Network, which occupies nearly 24,000 square feet. Aaron Zaretsky of Urban Innovations represented the firm in the transaction. John Slivka of CBRE worked on behalf of the seller, Wells Fargo N.A.
170