370 North Carpenter Street

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), on behalf of Ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a 390-unit fully entitled high-profile development opportunity located at 370 North Carpenter Street in Chicago, Illinois (“The Property”).

Located on the southwest corner of North Carpenter Street and West Kinzie Street, 370 North Carpenter is positioned in the heart of Chicago’s historic Fulton Market. A former meatpacking district, Fulton Market offers an ideal live-work-play lifestyle surrounded by state-of-the-art offices, renowned restaurants, entertainment, and Fortune 500 headquarters.

370 North Carpenter is a 33,721 square foot land site which is currently improved with a +/- 10,414 square foot office building. The Property is zoned for a PD (Planned Development) with underlying DX-7 (Downtown Mixed-Use District). The Property benefits from residing in the Downtown Expansion Area, allowing for higher density mixed-use development. 370 North Carpenter’s strategic location within Fulton Market, home to McDonald’s world HQ and Google’s Midwest HQ, is positioned to capitalize on the neighborhoods continued rapid growth making it a premier high density development opportunity.

Sterling Bay recently secured entitlements for a 28-story, 390-unit residential project with 6,427 square feet of ground floor retail on the site. The project has an 11.2 FAR and a maximum buildable area of 377,675 square feet.