Search
 

Inverbrass Funds Buys 100,000-SF Building

CHICAGO-There are plans to renovate the industrial building into rental work-live units.

By Gina Kenny | Updated on January 31, 2007

(To read more on the multifamily market, click here.)

CHICAGO-The Inverbrass Funds LLC has purchased a 105,000-sf building and an adjacent parking lot for approximately $10 million with the intent of renovating the building into work/live units. Inverbrass Funds, based in Chicago, purchased the building at 619 S. LaSalle St. in Chicago’s Printers Row neighborhood from “a local partnership,” says John Slivka, senior associate for CB Richard Ellis.

Slivka and Marcello Campanini, also with CB Richard Ellis, represented the seller in the transaction. The asking price for the property was $7.2 million. Slivka tells GlobeSt.com that it was “more of a business decision” as to why the local partnership was selling the property. “There was a tenant that left a significant vacancy that allowed the ownership to work on repositioning it via capital improvements,” he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.