MB Real Estate announced that the firm’s David Kimball, assistant vice president and Jay Beadle, senior vice president have been hired to market the 90,000 square foot brick and timber loft building at 2065 N. Southport in Chicago’s Lincoln Park neighborhood.
Constructed in 1914, the four-story building features 22,500 square foot floor plates with large windows and 12′ to 15’6″ ceilings throughout. The property is located across the street from A. Finkl & Sons’ shuttered 22-acre campus which is one of the largest and highest profile urban infill sites in the country. The property is part of a planned manufacturing district (PMD 1), but in Subgroup B which is a “buffer zone,” and has more lenient zoning that includes both office and retail as permitted uses. The property has excellent visibility from Clybourn Avenue, one of Chicago’s healthiest retail corridors, and is well-positioned for an office conversion or a mixed-used redevelopment.
“Demand is strong for brick and timber loft space throughout Chicago and a scarcity of space on the North Side has led to early interest from developers as well as several owner/users including corporate, logistics, tech, and light industrial tenants,” said Kimball. “No other large blocks of space are available north of North Avenue and east of the Chicago River, making this property a rare opportunity for a large corporate user looking to have its operations near the younger tech savvy workforce and public transportation.”
Kimball and Beadle anticipate making a call for offers on the property in mid- to late February.