@properties Commercial brokered the $3.15 million sale of a multi-tenant office building at 420 W. Huron in Chicago’s River North neighborhood.
Tim Ryan and Graham Mitchell of @properties Commercial represented the seller, Amos Financial. Ken Jungwirth and Sabrina Bier of @properties Christie’s International Real Estate represented the buyer. The sale closed at the end of December.
The four-story, 37,918-square-foot loft building in the heart of River North was built in 1929 and extensively renovated in 2017. It is currently home to digital marketing agency Brainchild Studios, a State Farm Insurance agency and a local ServiceMaster Restoration branch, among other businesses.
While the building was a candidate for apartment conversion, the buyer plans to continue to operate the property as offices, a move Ryan says is a sign of renewed interest in office product in River North.
