Greenstone Partners has brokered the sale of 1012 W. Randolph Street, a fully leased mixed-use investment property located along Restaurant Row in Chicago’s Fulton Market neighborhood.
The property sold for $4.05 million, with the transaction brokered by Danny Spitz, Managing Partner, and Tom Galvin, Investment Associate, at Greenstone Partners on behalf of the seller. The purchaser was Los Angeles-based Foundational Real Estate. The four-story property consists of approximately 6,500 square feet and features a ground-floor retail space leased to Rōti Modern Mediterranean and three loft-style residential apartments. At the time of sale, the property was 100% occupied.
“Investors were drawn to the property’s premier Fulton Market location, diversified income profile, and the opportunity to own a unique asset in one of Chicago’s most competitive investment markets,” said Danny Spitz, Managing Partner at Greenstone Partners. The property is surrounded by nationally recognized restaurants, luxury hotels, office developments, and major corporate headquarters, including Google and McDonald’s.
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