CHICAGO-Entities led by locally-based Cedar Street Cos. have acquired two office buildings nearby the future home of Goggle Inc. in Fulton Market.
The firm, which has recently heated up its commercial office investment after purchasing a host of failed condominium developments, paid approximately $4.2 million for the two adjacent buildings at Aberdeen and Fulton streets, according to Crain's Chicago Business.
The newly acquired properties, which mark Cedar Street's entrance into the office market in Fulton Market, total approximately 32,000 square feet, including ground floor retail space.
"We love the area," says Cedar Street Managing Partner Alex Samoylovich. "It's very rare we can find such prime locations with distressed assets, so when that opportunity happens, we're all over it." See story in Crain's Chicago Business.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
