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ARA Makes Another Big Fulton Buy

CHICAGO—American Realty Advisors has already purchased 1KFulton, Fulton Market's top office property, and has complemented that with hundreds of luxury units.

chi-racine (3) The Fulton Market area was once home to industry, but now hosts luxury apartments like Madison at Racine.

CHICAGO—The Fulton Market area continues to bring in investors, and American Realty Advisors has become perhaps the most prominent. The institutional real estate investment manager already owns 1KFulton, the home of Google, and recently added The Madison at Racine, a 216-unit luxury apartment community at 1164 W. Madison St. in the heart of the Fulton submarket.

“Madison at Racine is an outstanding core investment,” says Ray Kivett, managing director of investments in ARA’s Chicago office. “Located approximately five blocks from Google’s new regional headquarters at 1K Fulton and two blocks from McDonalds’ new world headquarters, the property is centrally located in this thriving submarket.”

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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