CBRE Retained as Listing Agent for 170 N. Green Street in Chicago’s Fulton Market

Chicago – September 12, 2019 – CBRE has been retained by Bridgford Foods Corporation to offer for long-term lease 170 N. Green Street, a 156,000-square-foot food processing plant at the corner of Green and Lake Streets in Chicago’s Fulton Market neighborhood, which could be subject to potential re-entitlement and redevelopment by prospective lessors.

Keely Polczynski of CBRE will represent ownership in the listing. Ownership is seeking proposals for a long-term ground lease, but will consider iterations of a sale, partial sale, joint venture or lease.

Located in the heart of Fulton Market, one of Chicago’s fastest-growing downtown submarkets, the property is one block north of “Restaurant Row” on Randolph Street and surrounded by several new high-profile apartment and office developments. It is less than two blocks from the CTA Green Line stop at Morgan Street and less than half-a-mile to Ogilvie Transportation Center.

The site was re-entitled in 2017 to allow for a mixed-use project of up to 314 multifamily units and 40,000 square feet of retail. A recent new ordinance modifying Chicago’s Downtown District boundaries would allow users and developers to purchase more FAR and height. The new zoning would potentially offer the ability to re-entitle and add more density.

“This is one of the strongest redevelopment opportunities in the city,” said CBRE’s Polczynski. “Fulton Market has become a world-class market, home to major office users, as well as top hotel, restaurant and retail operators. This corner location will be surrounded by some of the city’s newest apartment and office developments, giving users direct access to a growing portion of Chicago’s top talent.”