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River North Property Reaches 50% Leased

CHICAGO—The hottest submarket in the downtown has proven itself again with a renovated loft-style building on Erie.

By Brian J. Rogal | Updated on March 12, 2015

CHICAGO—Bradford Allen has just completed five new leases at 363 W. Erie St. in the River North neighborhood, bringing the office building to about 50% occupancy within 90 days of the commencement of a major renovation to the building.

“River North’s vacancy rate of 6.6% speaks for itself,” Jeffrey Bernstein, principal and co-president at Bradford Allen, tells GlobeSt.com. “It’s the highest in demand market in Chicago because of the loft-style buildings, the mix of tenants and the convenience to transportation and residential life.”

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