Thor Equities closed on the acquisition of 942 West Fulton Market in Chicago for $5.9 million, company executives announced.
The mixed-use building, located across the street from Google’s new Chicago headquarters and directly in front of the new ACE Hotel, features 16,000 square feet on four levels and more than 50 feet of retail frontage.
“With Fulton Market continuing to evolve and become more upscale, 942 West Fulton Market offers the ideal opportunity for a high-end retailer or office tenant to secure prime space in this burgeoning area,” Joseph Sitt, CEO of Thor Equities, said.
Once dominated by cold storage facilities and wholesale meat companies, Fulton Market is filled with popular restaurants, boutique hotels, residential buildings, art galleries, and architectural and creative firms, along with major companies such as Google, Uber and Inc.
Other recent additions include Soho House Chicago, City Winery, Brooklyn Bowl and WeWork, as well as boutique retailers Billy Reid and Kit and Ace.
The area also features a new $40 million CTA Green/Pink Line L station at the intersection of Lake and Morgan Streets, and two Blue Line stations located nearby.