Newmark Grubb Knight Frank ( NGKF ) Capital Markets is pleased to exclusively offer 1114 W. Fulton Street in Chicago, IL (the Property ) for purchase. The Property is located in the heart of Chicago' s emerging Fulton Market District and is steps away from the bustling Randolph Street, loaded with entertainment and nightlife options. The Property is located at the cross roads of the new Google office, Ace Hotel, Brooklyn Bowl, the new McDonald' s Headquarters, and the new Coyne College redevelopment. Some notable major developments in the immediate area include the Chicago Transit Authorities' $40 million renovation of the Morgan /Lake CTA Station and the 1K Fulton & Fulton West projects by Sterling Bay.
Fulton Market is rapidly transforming from a traditional meat packing district into one of Chicago' s prime entertainment and tech-office corridors. The growth rates within the area for office, residential, and entertainment are staggering and continued growth is likely based on existing project proposals. The highest and best use of the Property is likely a redevelopment to a mixed-use consisting of office or retail. This willingness to alter zoning codes has helped to attract emerging technology firms like Google, Uber, Rise Interactive, SRAM, and Acosta Sales & Marketing to the immediate area. Additionally, the City of Chicago has already reclassified
several sites adjacent to the Property.
