Case Studies

THOR EQUITIES PORTFOLIO

905 W. FULTON MARKET | 216 N. PEORIA STREET | 820 W. FULTON MARKET

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PROJECT OVERVIEW

NelsonHill was initially selected to represent Siam Meats for the sale of 905 W. Fulton Market. Mark Nelson, SIOR and Michael Nelson, SIOR of NelsonHill were chosen based on their West Loop Sales Track Record and their relationships with local and international developers. Within 12 weeks, they were able to secure 7 offers from qualified developers on the 2,500 Sq. Ft. single-story corner building at Fulton and Peoria. THOR Equities’ paid $2,500,000 ($1,000 PSF)
offer was the most competitive and was selected by the client. The sale was finalized in January 2016.

THOR Equities was willing to pay a premium for this location given the strong corner location at Fulton and Peoria, and the opportunity to combine additional assets nearby. After understanding their goals for expansion, NelsonHill worked directly with THOR to secure an additional 97,000 Sq. Ft. of loft warehouse space at 216-224 N. Peoria St. and 816-820 W. Fulton Mkt. with the intention for redevelopment. Between a strong sub-market location and the City of Chicago’s zoning expansion plan for the West Loop, this is considered the epicenter of new development and retail interest in Fulton Market. Total transaction value was $38,500,000.

In 2019, International company, Mondelez, was secured to move it’s headquarters of more than 400 employees to the portfolio. The move will take place upon completion of a new five-story office development in April 2020. Mondelez was previously housed in Deerfield, Illinois and will be accompanied by the company’s recent acquisition, Enjoy Life Foods, an allergy-free snack company currently housed in Schiller Park, Illinois.