CHICAGO-South Street Capital has purchased the 770 N. Halstead office loft building for $10.9 million from a group of investors led by Howard Ellman of River West Management.
Dan Rosenberg and Peter Lynn of Building Equity RE LLC brokered the sale for both buyer and seller. The deal closed last week.
The eight-story property is 175,000 square feet and is 93% leased. There is an additional 30,000 SF parking lot adjacent to the site.
The major tenants in the building include Northeastern Illinois, with approximately 20,000 SF and the Girl Scouts of Greater Chicago and Northwest Indiana with about 20,000 SF.
The previous investors had owned the building for the past 15 years.
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