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East Coast Investors Buying Randolph Street Retail

Chicago Retail

Fulton Market continues to be a center for activity from both local and out-of-town investors, largely for its potential as a retail hub. Two properties in the market recently sold for a combined $12.5M.

A venture of the Adjmi Family paid $7.5M for 925 W Randolph, home to Formento's restaurant (pictured), according to Crain's. Meanwhile, Isaac Shalom paid a cool $5M for 1132-1140 W Fulton Market, a 15k SF loft office building he plans to convert to retail.

The Formento's building was redeveloped by Shapack Partners, one of several developers doing business in Fulton Market. Another out-of-town firm that has Fulton Market on its radar is Thor Equities, which is spending up to $50M in the area. [Crain's]