SVN Brokers Chicago Loft Office Building Sale

Angelo Labriola and Paul Cawthon of the Cawthon-Labriola Group of SVN Chicago represented the seller while Advisors Stephen Cusano and James Mead represented the buyer.
2201 S. Halsted St.

A team of brokers from SVN Chicago has arranged the sale of a 100,544-square-foot brick loft office building in Chicago’s Pilsen neighborhood. Vice Presidents Angelo Labriola and Paul Cawthon of the Cawthon-Labriola Group of SVN Chicago represented the seller while Advisors Stephen Cusano and James Mead represented the buyer. The deal closed at $5.4 million.

The office property is located at 2201 S. Halsted St., off interstates 90 and 94. A few blocks away are Lacuna Lofts and Mural Park, a former industrial building that Condor Partners has recently turned into office. The building features a parking lot in the rear and provides access to Orange Line and Metra stations. 

The potential expressway signage creates opportunity for a large tenant to have great signage visibility and for new ownership to create additional value-add,” said Labriola in a prepared statement. 

According to PropertyShark, the previous owner bought the asset in 2014 for $2.6 million. Formerly an industrial building, the property was converted to office after the sale. 

Image courtesy of SVN

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