Sterling Bay Buys West Loop Office Building for $10M

By GlobeSt News Hub

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CHICAGO-Sterling Bay Cos. has bought a West Loop office building for $10 million from a local group investors headed by James Connor. Sara Lee Corp. will lease 221,000 square feet at the four-story property at 400 S. Jefferson St. to house its meat business.

The building was listed on the market for $15 million. Redevelopment of the West Loop building is scheduled to be finished in Q4. According to the Chicago Community Development Commission's report, the project will cost $30.1 million. For the full story, go to Crain's Chicago Business .

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Categories: Midwest, Sales, Acquisitions/Dispositions, Scope, Chicago