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CHICAGO-The former Schoenhoffer Brewery Administration building, 500 W. 18th St., and a neighboring building at 1701 S. Clinton St., have been sold. Both gained Chicago landmark status in 1988. The two buildings, which sit on a 3.7-acre site, were sold as a package after sitting on the market for a year.
Albert Schulman, a senior vice president at Paine/Wetzel ONCOR International, represented the sellers, a family partnership that has held the site for several years. Larry Goldwasser, a vice president at NAI Hiffman, worked on behalf of the buyer, Coru Group LLC, a local real estate investment company.
According to Schulman, the site has generated interest for a number of years. The sellers had operated a water bottling facility for 10 years before discontinuing operations. "The property is unique since there is an operating well underneath," Schulman tells GlobeSt.com. "The original brewery needed it to make its beer." The well descends 1,600 feet down.
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