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Transactions - SEPTEMBER 28, 2021

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Sterling Bay, J.P. Morgan Asset Management sells office in Chicago

by Released

Sterling Bay, the Chicago-based real estate investment and development firm, and institutional investors advised by J.P. Morgan Asset Management, have sold 210 N. Carpenter in Chicago’s Fulton Market District.

The new owner is Deka Immobilien, a German investment firm; however, the sales price was not disclosed.

The recently constructed 12-story, class A office building is at the center of Fulton Market, a thriving live-work-play neighborhood and bustling tech hub. It is fully leased to six tenants. Completed in 2019, 210 N. Carpenter is LEED Gold Certified, WELL Health-Safety Certified and features state-of-the-art amenities including flexible floor plans, floor-to-ceiling windows, a rooftop pool, tenant lounge and gaming area, full-service fitness center and locker rooms, a programmed yoga room, conference facilities and on-site parking.

“The sale of this trophy office asset is further evidence that downtown Chicago, and Fulton Market specifically, remains

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