Chicago, Illinois– Alvarez & Marsal Property Investments (AMPI), a commercial real estate investment firm, is proud to announce that five new tenants have moved into its property at 445 West Erie Street in the second quarter of 2021. These new tenants join more than a dozen media, technology, creative and artisanal businesses within the one-of-a-kind brick and timber building in the heart of River North.
“River North offers a lively convergence of creative office users, some of Chicago’s best restaurants and nightlife venues, along with new and thoughtfully refurbished residential properties” said Michael Marsal, Founding Partner and Vice President of AMPI. “We’re extremely grateful to welcome these new tenants to 445 West Erie and expect the property to continue to grow as a hub for creative activity in the submarket.”
Originally built in the early 1900’s, 445 West Erie is a 53,000-square-foot, modern warehouse, perfect for non-traditional office users. New tenants that moved to the property over the last quarter include:
Joshua Kellerman, Director of Leasing for AMPI, represented the owner in each transaction. Daniel George was represented by Larry M. Cohn of @properties. Tim Ryan of TenantBase represented Platform Pilates and Salon Snob in each transaction with AMPI.
445 West Erie is a rare heavy timber warehouse construction building featuring 18-foot ceilings and built-out interior mezzanines. The property is conveniently accessible by the Brown and Purple Chicago Transit Authority lines, and in proximity to several bus stops and bikeshare stations. The property is ideally situated next to Ward Park along the river and just a few blocks away from the entrance to the I-90 highway.
For more information on 445 West Erie, including leasing opportunities, please visit: https://www.am-pi.com/properties/445-west-erie.
About Alvarez & Marsal Property Investments
Alvarez & Marsal Property Investments (“AMPI”) is a vertically integrated commercial real estate firm founded in 2013. A privately owned subsidiary of Alvarez & Marsal Inc., AMPI features a portfolio of more than 1.5 million square feet of mixed-use, office and retail properties. AMPI’s investment strategy is to acquire, own and operate core investment assets in markets that possess a combination of economic growth, technology output and lifestyle characteristics that will drive sustained occupancy and tenant demand.
For more information on AMPI, go to: www.am-pi.com