North Wells Capital Buys 308 West Erie in River North
North Wells Capital, Urban Innovations' investment management affiliate, purchased a fully occupied 45,400 square foot loft building at 308 West Erie Street and a 7,700 square foot parking lot next door. Built in 1937, the property shares the same city block as another loft property in the portfolio. Jim Fox, co-founder and CEO of North Wells Capital, commented, "I think it was pretty easy to see that we were the natural buyer for this. The parking lot gives us a lot of development options - expand the building or do a ground-up development."