Nonprofit Puts Clybourn Corridor Center On Market
If Sterling Bay's flurry of activity near the A. Finkl & Sons site wasn't proof enough that the Clybourn Corridor is a seller's market, here's more. A local nonprofit retained JLL to court buyers for its offices in the corridor.
The Anixter Center is looking to offload its 27k SF offices at 2001 North Clybourn (pictured). JLL is also counseling the nonprofit on its options for a larger building across the street at 2032 North Clybourn, according to Crain's. With the City looking to jump-start redevelopment in the North Branch Industrial Corridor, properties like Anixter's could sell for near their asking prices, as investors are attracted to the area as a future office submarket, thanks to its proximity and easy access to downtown.
Clybourn is already on the radar of Sterling Bay and Shapack Partners, the two firms that made Fulton Market one of the hippest areas in Chicago. Another firm, Structured Development, had a deal in place to buy the 2032 North Clybourn property, but Anixter allowed the agreement to expire. [Crain's]