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MidwestOffice

Office complex 1k Fulton set to sell for $350 million

Staff Writer April 1, 2017
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After being on the market for nearly five months, Google‘s 531,194-square-foot Midwest headquarters building in Chicago’s Fulton Market neighborhood is reportedly selling for $305 million.

Investment manager American Realty Advisors has agreed to buy the 10-story building located at 1000 W. Fulton, Crain’s reports, which comes to roughly $574 per square foot–the third highest per-square-foot price in Chicago history.

This could bring a major return for Sterling Bay if the sale is completed as expected, according to Crain’s, since the firm originally bought the building in 2012 for just $12 million and converted it from the former Fulton Market Cold Storage warehouse to modern offices.

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