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Sterling Bay is relocating.

“After selling its headquarters on the western border of the Fulton Market district, Sterling Bay is leaving for a new building it’s finishing on the trendy corridor’s eastern edge.

The Chicago developer confirmed it is relocating its home base to a 19-story office building it will soon finish at 333 N. Green St.

Timing of the move is still to be determined, but the company is slated to take space similar in size to the 35,000 square feet it leases today at 1330 W. Fulton St., according to a Sterling Bay spokeswoman. It is unclear what Sterling Bay will do with its current headquarters space in the eight-story building it has called home since it opened in 2017.

Sterling Bay recently sold its current building, known as Fulton West, to a venture of German real estate investor Commerz Real for nearly $168 million, according to Cook County property records. That property helped create momentum for the sleepier western end of Fulton Market, while the eastern portion of the neighborhood has transformed from the longtime home of meatpackers and food wholesalers into a hot mix of corporate giants and upscale hotels and restaurants.

Sterling Bay was instrumental in setting off that evolution by luring Google’s Midwest headquarters to the area in 2015. Now the developer is moving back to where most of the leasing and development action is happening.”  Read More

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