Structured Development Announces 100KSF Office Sale

Credit Suisse Group acquired the property for $27.8 million.
1333 N. Kingsbury, Chicago
1333 N. Kingsbury, Chicago

Chicago—Structured Development’s founding principal, Michael Drew, announced the $27.8 million sale of 1333 N. Kingsbury, a 100,000-square-foot office building in Chicago’s Clybourn Corridor. Credit Suisse Group, a Zurich-based company bought the asset for $278 per square foot. Cody Hundertmark and Blake Johnson of CBRE represented the seller, Everbury Partners, a limited partnership managed by Drew.

Prior to becoming an office space, 1333 N. Kingsbury housed manufacturing operations for Peppers Waterbeds. Drew converted the building intro a multi-tenant office building including college sports recruiting firm National Collegiate Scouting Association, which occupies 38,000 square feet and recruiting and staffing firm TrueBlue, which occupies 30,000 square feet. According to Yardi Matrix, the office building also includes 56,000 square feet of retail space…

Structured Development Announces 100KSF Office Sale

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