A former West Loop printing plant has been sold to Martin Capital Group for $3.4 million. The private real estate investment group plans to convert the 84-year-old, 75,474-sf building at 123 N. Sangamon St., formerly owned by Soodik Printing, into condominiums.
Brooklyn, NY-based sound recording studio Sophie, LLC has paid $2.15 million for 50,000-sf building at 345 N. Loomis, while Model Options, Inc. bought the 42,500-sf timber building next door at 344 N. Ogden Ave. for $1.5 million. Both buildings were recently renovated by Sterling Bay, LLC before the company put the properties on the market.
"In-city multi-story industrial has seen growth as it has been repositioned in the market as flex space, the combination of office with light industrial," says CB Richard Ellis vice president Steve Livaditis, who represented Sterling Bay in both deals.
NAI Hiffman executive vice president Lawrence R. Much, SIOR represented Soodik Printing in its sale of 123 N. Sangamon St.
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