Two New Commercial Acquisitions
Urban Innovations has re-acquired two office buildings in the West Loop’s Greektown neighborhood of Chicago totaling 150,000 square feet. Urban Innovations previously owned these properties and sold them in 2005 to a private investor.
UI bought the 60,000 square foot office building located at 833 West Jackson Boulevard along with the 90,000 square foot property at 322 South Green Street as a value-added investment. The buildings sit adjacent to one another, separated by a parking lot that services the properties.
Mike Scilingo, President of Urban Innovations, explains how this came about and how the commercial real estate markets in River North and Greektown can impact one another.
For more information, read the article here.