Greenstone Partners is pleased to announce the successful sale of 1012 W. Randolph Street, a fully leased mixed-use investment property located along Restaurant Row in Chicago’s Fulton Market neighborhood. The property sold for $4,050,000, with the transaction brokered by Danny Spitz, Managing Partner, Brewster Hague, Partner, and Tom Galvin, Investment Associate, at Greenstone Partners on behalf of the seller.
The four-story property consists of approximately 6,500 square feet and features a ground-floor retail space leased to Rōti Modern Mediterranean and three loft-style residential apartments, creating a diversified and stable income stream. At the time of sale, the property was 100% occupied.
“The opportunity to acquire a single-lot mixed-use asset on Randolph Street is exceptionally rare,” said Danny Spitz, Managing Partner at Greenstone Partners. “Investors were drawn to the property’s premier Fulton Market location, diversified income profile, and the opportunity to own a unique asset in one of Chicago’s most competitive investment markets.”
The listing generated significant investor interest immediately upon launch, securing a purchase agreement shortly after being brought to market. The purchaser was Los Angeles based Foundational Real Estate. The property’s combination of under-market retail, residential units and signage income, created an attractive value proposition for investors seeking long-term growth in Fulton Market.
Located in the heart of one of Chicago’s most sought-after neighborhoods, the property is surrounded by nationally recognized restaurants, luxury hotels, Class A office developments, and major corporate headquarters, including Google and McDonald’s. Continued residential, office, and retail investment throughout Fulton Market has reinforced the area’s position as one of the city’s premier live-work-play destinations.
“Demand for opportunities in Fulton Market remains incredibly strong,” added Tom Galvin. “Properties rarely become available along Randolph Street, and investors continue to recognize the long-term value of owning assets in one of Chicago’s fastest-growing neighborhoods.”
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