345 N. Aberdeen

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), on behalf of Sterling Bay, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a high-profile development site located at 345 N. Aberdeen in Chicago, Illinois (“The Property”). Located on the northeast corner of N. Aberdeen Street and W. Carroll Avenue, 345 N. Aberdeen 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. 345 N. Aberdeen is a 48,383 square foot land site which is currently improved with a +/- 17,553 square foot industrial building and zoned M2-3 (light industry district). The Property benefits from residing in the Downtown Expansion Area, allowing for higher-density mixed-use development. 345 N. Aberdeen’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 is actively pursuing entitlements that would allow for max-density DX-7 (11.5 FAR) zoning with a residential buildable area of 556,404 SF (approximately 559 units). It is expected that the entitlements will be secured on or before the closing date.