The three-story circa-1920s, brick and limestone building isbeing converted from light industrial to an updated loft-style,24/7 access office facility. Capital improvements, estimated at$1.2 million, include a controlled-access, surface parking lot; anew roof; new heating and air conditioning systems with controlpanels for each floor; new windows; new lighting fixtures; newelevator and lobby; and new restrooms on each floor. Therenovations are expected to be completed during 2001.
GRP Clinton LLC is an affiliate of Chicago-based investment anddevelopment firm, Granite Realty Partners Inc., founded in 1998 byprincipals Robert L. Palley and Scott D. Inbinder, who developoffice, industrial, retail and multifamily properties in theMidwest region.
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