300-328 West Huron Street, Chicago, IL 300-328 West Huron Street, Chicago, IL

CHICAGO, IL—North Wells Capital purchased a prime River North development site in Chicago, IL, from 707 North Orleans, a limited liability company, for $15.8 million in an all-cash transaction. Bill Montana and Chris Sackley of Greystone Real Estate Advisors represented the seller in the transaction.

“With its mixed-use zoning, this development site holds exciting possibilities for any investor, and there was a range of interest with varied proposed use during the marketing of this asset,” says Sackley, a managing director with Greystone. “With the buyer’s intended plans to add office space to this desirable neighborhood, the ultimate vision of live-work-play can be realized for more residents within Chicago. We are thrilled to have represented the seller on this transaction.”

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

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