Sterling Bay and Wheelock Street Capital have finalized the sale of Hyatt House Chicago / West Loop-Fulton Market.
Situated at 105 N May Street in the bustling West Loop/Fulton Market neighborhood, this extended-stay hotel boasts 200 rooms and also features a fully leased retail space spanning over 5,224 square feet. The ground floor of the property will be home to The Original Pancake House’s sixth location in Chicagoland, marking its first venture into Fulton Market.
According to Sterling Bay CEO Andy Gloor, “Hyatt House was a significant development for Fulton Market and we are delighted to see it fully occupied before its sale.” This transaction is just one of many recent listings by Sterling Bay in Fulton Market.
Gloor further adds that their successful collaboration with Wheelock has allowed them to not only construct but also finance, lease and sell such an impressive project. This serves as a testament to their team’s exceptional track record in commercial property development.
This news was originally reported by Connect CRE.
