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Sterling Bay Continues Steady Acquisition of Entire West Loop

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For anyone who's been watching Chicago developments for the last few years, Sterling Bay is a name that keeps popping up. They're the real estate firm behind much of the new activity in the West Loop-Fulton Market area, with a portfolio of over two dozen buildings in the area including the Fulton Market Cold Storage building project, which drew enormous attention when Google announced plans to move in. Sterling Bay will also be handling the long-thought-imaginary plan to redevelop the Old Main Post Office, along with the Times Square-inspired retail development on North Michigan Avenue near the river. Now, Crain's is reporting that Sterling Bay has snapped up another Fulton Market building for $3.85 million. Perhaps not surprisingly, it's a food distribution company that wants to relocate. Sterling Bay wouldn't talk about their plans for the building, but it's perhaps unlikely they'll include keeping the building's 20,000 square foot parking lot.
·Previous Sterling Bay coverage [Curbed Chicago]
·Previous West Loop coverage [Curbed Chicago]