Chicago-based real estate investment and development firm, Sterling Bay, announced that the recently completed 345 N. Morgan boutique office building in Fulton Market is over 90% leased with the signing of Flack Global Metals (FGM). FGM is a hybrid organization combining an innovative domestic flat-rolled metals distributor and supply chain manager, Flack Metal Supply (FMS), a hedging and risk management group supported by the most sophisticated ferrous trading desk in the metals industry known as Flack Metal Bank (FMB), and an investment platform focused on steel-consuming OEMs called Flack Manufacturing Investments (FMI).
FGM will be relocating its current office at 20 N. Clark St. and nearly doubling the square footage of the firm’s Chicago presence. FGM joins companies like Boston Consulting Group and Greenberg Traurig who have recently announced relocations to Fulton Market from Chicago’s central business district.
The 11-story building is located on Morgan Street just south of Metra’s Union Pacific West line and includes retail space on the ground level to further extend the pedestrian realm of Fulton Market. Sterling Bay began construction on the 200,000-square-foot building in August of 2021. The building was completed in September of 2022 with a 13-month construction schedule.
345 N Morgan features sought-after amenities including private outdoor terraces, a top-floor bar and lounge leading to a roof deck, a full-service fitness and wellness center, and high-tech conference spaces. Other tenants at the property include HAVI Group, Wellington Management, and design showrooms Allsteel, Humanscale, and JSI.
FGM was represented by Liz McCleary, Vice President at CBRE and Vice Presidents of Leasing Austin Lusson and Daniella Hemsley negotiated the transaction on behalf of Sterling Bay.
