1200 West Fulton Street in Chicago

Chicago, IL

Mixed-Use - Acquisition

1200 West Fulton Street in Chicago

MIXED-USE - ACQUISITION

ACRES Capital Corp. has originated a $30.5 million loan to fund the acquisition and pre-development of 1200 West Fulton Street in Chicago, IL. The Property is located in the West Loop submarket of Chicago, IL, which is just one block directly west of the Fulton Market which has been widely considered as one of the hottest submarkets for commercial real estate in the Chicago area. Much like New York’s Meatpacking District, the area has transitioned from its manufacturing and industrial roots into a thriving and fashionable neighborhood lined with art galleries, street murals, restaurants and experiential destinations lining cobblestone streets.

1200 West Fulton Street will feature:
• 19 Adjacent parcels of land totaling 92,944 square feet of land area
• 2 Office/retail buildings totaling 749,250 square feet
• 380-Unit residential tower
• 5,000 Net rental square feet for retail

$30.5 Million

Loan Amount

Construction Loan

Loan Product

“Being home to companies like Google, Glassdoor and TikTok, the Fulton Market District has become one of the largest and most successful tech hubs in the country. The area is complete with a world-class restaurant district and high-end shopping corridor, all catering to the strongest renter demographic in Chicago. ”

- Mark Fogel

ACRES Chief Executive Officer and President

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.