Chicago, IL – Steven Rapoport, CRER Senior Director, recently represented the buyer in the sale of an owner user industrial building at 2214 Hubbard Street in Chicago’s Kinzie Industrial Corridor.
The buyer, ownership affiliated with Graymont Medical, is already an established presence in the Kinzie Corridor. The acquisition of 2214 Hubbard Street allows ownership to continue scaling its operations in an area that aligns with its strategic goals, the buyers’ continued investment in the area reflects a commitment to the Kinzie Corridor.
The Kinzie Industrial Corridor is uniquely positioned amid some of Chicago’s most rapidly developing neighborhoods, including West Loop, Fulton Market, and West Town. Once primarily industrial zones themselves, these areas have transformed over recent years into vibrant, mixed-use communities, attracting trendy restaurants, residential lofts, office spaces, and tech startups. This growth has increased demand for the Kinzie Corridor’s industrial and commercial real estate as companies seek proximity to these bustling neighborhoods while benefiting from the stability of the Planned Manufacturing District (PMD). As a result, the Kinzie Corridor has become a sought-after area for businesses aiming to stay close to the energy and amenities of Chicago’s booming neighborhoods while maintaining the industrial advantages essential for their operations.
