Colliers International I Chicago has arranged the sale of Crown Steel Sales’ 221,522-square-foot industrial building located at 3355 W. 31st Street in Chicago to Cinespace Chicago Film Studios. Colliers’ Steve Kohn and Mike Senner represented Crown in the disposition.
Sited on 7.3 acres, 3355 West 31st Street features 32-foot clear ceiling height, 5,000+ amps and 14 crane bays. Its location, near the full interchange at I-55 and Kedzie Avenue, provides convenient access to the city and surrounding areas.
“My hats are off to our client who remained loyal and patient throughout the process,” said Kohn. “This was an older crane facility so it presented us with quite a challenge. We knew it would take a very unique user to fill the space. Cinespace had the necessary experience and desire—they are a perfect fit.”
In 2011, Cinespace, which specializes in the development, management and operation of studio facilities, turned the old 70-acre former Ryerson Steel Company into Chicago’s biggest independent movie studio outside of Hollywood. Paine Wetzel’s Ed Wabick represented Cinespace in this latest acquisition.