345 North Morgan — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Chicago, IL 60607
  • Year built: 2022

Description

Jones Lang LaSalle (Illinois), L.P. (“JLL”), as exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in 345 North Morgan, a newly constructed, 197,433 RSF state-of-the-art office building located in Chicago's Fulton Market District, one of the best performing submarkets in the United States. Developed in 2022 by Sterling Bay, 345 North Morgan is 94% leased to a diverse tenant roster, with 48.8% of tenancy leased to global HQ operations. With 10.9 years of remaining average lease term (“WALT”), the Property provides long-term, stable in-place cash flow with very minimal future capital needs. 345 North Morgan’s top floor amenity offering features a best-in-class conservatory tenant lounge, bar area, and roof deck, all of which were thoughtfully designed and inspired by the industrial history of Fulton Market. 345 North Morgan offers core investors the exceptionally rare opportunity to acquire a fully amenitized and stabilized asset at a significant discount to replacement cost. All inquiries regarding this opportunity should be directed to JLL.

Market Context

This commercial property in Chicago, IL is listed for sale. The building dates to 2022. It has been on the market for 82 days. Compare it against other commercial property listings for sale in Chicago, IL — view the full market.

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