Fulton Market

Cushman & Wakefield Brokers $40 Million Sale of 13thirteen Randolph Street Lofts in Chicago’s Fulton Market

CHICAGO, Nov. 6, 2019 – Cushman & Wakefield’s Midwest Multifamily Advisory Group has brokered the $40,150,000 sale of 13thirteen Randolph Street Lofts, a 74-unit mixed-use property at the southwest corner of Randolph and Elizabeth streets in the West Loop’s Fulton Market District. The per-unit price is one of the highest paid so far this year in Fulton Market, according to CoStar data. Todd Stofflet and Jason Stevens, managing directors of Cushman & Wakefield’s Midwest Multifamily Advisory Group, represented the seller, JP Morgan Asset Management, in the sale of the asset to RDG Funds LLC, a Chicago-based private equity firm. “The sale reflects the continued popularity of Fulton Market, particularly among investors in search of stabilized assets that stand to benefit from the neighborhood’s favorable long-term fundamentals,” said Stofflet. “As leading employers continue to establish and expand operations in the West Loop, demand for well-located rental communities like 13thirteen Randolph will [...]

Creative Office Building Breaks Ground as Gateway to Chicago’s Historic Fulton Market District

CHICAGO, Oct 30, 2019 - Global real estate leaders and joint venture partners Thor Equities and QuadReal, together with leading real estate services firm, Cushman & Wakefield, and global design firm Skidmore, Owings & Merrill, introduced the city to 800 W Fulton on Tuesday, with an official groundbreaking ceremony. The project was dedicated by Chicago Alderman Walter Burnett, Jr., (Ward 27) along with executive leadership from the groups involved in the project. Located at the eastern entrance to the historic Fulton Market district at 800 W. Fulton Market, the soon-to-be 19-story mixed-use building is designed to enrich its setting with a lively program of public and commercial spaces. The trophy property is expected to activate the burgeoning neighborhood with more than 450,000 square feet of office space, public amenities, retail and food and beverage outlets.  Occupying a full city block, bounded by North Green, West Fulton Market, Wayman, and Halsted [...]

Fulton Market in Chicago Named to Top 20 “Cool Streets” in North America by Cushman & Wakefield

CHICAGO, October 11, 2019 – A new wave of urban, experiential and independent retail concepts catering to changing consumer demands has led to the rise of 100 “Cool Streets” across the U.S. and Canada, according to a report released this week by global real estate services firm Cushman & Wakefield.  Included in the report’s top 20 is Chicago’s own Fulton Market District, which has evolved into one of the city’s premier live, work, play neighborhoods in recent years. The firm’s much-anticipated Cool Streets of North America report explores what’s driving the rise of the hottest retail districts across the U.S. and Canada. In addition to Fulton Market, the report outlines the top 20 Cool Streets in depth, including: Portland (whole city); Austin (whole city); Denver (whole city);  Boise (Downtown); Los Angeles (Arts District); Buffalo (Downtown); Manhattan (Bond Street/NoHo); Montreal (Mile End); Honolulu (Kaka’ako); Indianapolis (Massachusetts Avenue Arts District); Boston (South [...]