South Street Sells West Loop Loft

CHICAGO—The goal of South Street Capital, a Chicago based, private equity real estate investment firm, has been to acquire under-performing assets and turn them into stabilized, cash-flowing properties. And the company has now sold off about 80% of its office portfolio, including most recently, for about $7.15 million, a loft office building located in the West Loop neighborhood of Chicago.

The three-story, 30,000 square foot loft office building located at 1130 W. Monroe St. was originally acquired in 2013. According to Cook County records, South Street had paid $3.8 million for the property. Following the acquisition, the firm improved the building with new common areas and mechanical systems.