February 03, 2017
CHICAGO – Transwestern today announces it has been retained as the exclusive listing agent for a 0.58-acre site in the Fulton Market District, located on the northwestern edge of Chicago’s West Loop. The property at 201 N. Elizabeth is currently home to a 13,996-square-foot food distribution facility, which is available for sale or lease. Transwestern Principal Thomas Boyle, Vice President Fred Freeman and Associate Paul Boccellari are marketing the property on behalf of its owner, the Bosnos family, which operates the food distribution business.
The site poses significant redevelopment potential, offering proximity to high-profile employers that have moved or announced plans to relocate to the neighborhood. The property is being marketed without an asking price and would require rezoning for development.
“An increasing number of prominent companies, including McDonald’s and Google, are relocating to the West Loop, a vibrant retail and entertainment district,” said Boyle. “The right buyer or lessee has the opportunity to transform this asset into a new residential, commercial or mixed-used development that realizes the full potential of this site and capitalizes on the broader transformation of the neighborhood.”
Built in 1989, the existing building currently houses Rizes Produce, which is working with Transwestern to identify an alternative location for its operations.
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