Jun
30
Google’s Chicago HQ Fetches Record Price
ByAfter paying $12 million to purchase the building at 1000 W. Fulton Market in 2012, Sterling Bay is now selling the property for a whopping $305 million.
1KFulton, Chicago
Chicago—The 10-story office building at 1000 W. Fulton Market in Chicago’s West Loop—which serves asGoogle’s Midwest headquarters—will reportedly sell for a record $305 million after spending only a few months on the market, Crain’s Chicago Businessreports. The sale price equates to roughly $574 per square foot, making it the third-largest per-square-foot price in Chicago history, according to the newspaper.
American Realty Advisors of Glendale, Calif., has agreed to buy the 531,000-square-foot 1KFulton building from Sterling Bay, who purchased the asset back in November 2012 for $12 million. The developer then went ahead and converted the former Fulton Cold Storage building into state-of-the-art offices…
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