Office N Illinois

Sterling Bay moving into their newest Fulton Market project

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Sterling Bay recently sold their headquarters building at 1330 W. Fulton Street. Now the Chicago-based real estate development and investment firm is reportedly moving into 333 N. Green Street, another property they developed in the hot Fulton Market District and on which construction is nearly complete.

According to a report in Crain’s, it is unknown exactly when Sterling Bay plans to move, or what they will do with their current space. They are expected to take approximately 35,000 square feet in the new building, comparable to their existing offices.

Sterling Bay developed their current headquarters, marketed as Fulton West, in 2017. German real estate firm Commerz Real acquired the Fulton Market property for approximately $168 million in August. Gensler designed and Leopardo constructed the 290,000-square-foot, nine-story office building that features a private roof deck, parking garage and other amenities.

Also known as GR333N, their new headquarters is a 555,524-square-foot, 19-story office building that offers 39,203-square-foot floor plates and 35,000 square feet of prime retail. The building, also designed by Gensler, is going up on the site of the former Coyne College campus, which Sterling Bay acquired in 2016 for $25 million. Other tenants committed to the building include big four professional services company EY, ad agency WPP and co-working firm Convene.

Sterling Bay has been the tip of the spear for the transformation of Fulton Market from meat packing district to one of the hottest office destinations in the country. They developed the Midwest headquarters for Google and later brought McDonald’s in from the suburbs. Other projects in the area include the 14-story Hyatt House Hotel and 210 N. Carpenter, a 206,000-square-foot office building that recently refinanced for $84 million.