Jones Day has advised Credit Suisse Group in its $27.8 million acquisition of a 100,000-square-foot office building in Chicago’s Clybourn Corridor.
The four-story building is located at 1333 N. Kingsbury St. Everbury Partners, a partnership managed by Structured Development, was the seller. Prior to being purchased by Structured Development’s J. Michael Drew in 1991, the building housed manufacturing operations for Peppers Waterbeds.
Drew subsequently converted the building into a multi-tenant loft office building that, at the time of the most recent sale, was 95 percent leased. Current tenants include National Collegiate Scouting Association and TrueBlue, a recruiting and staffing firm.
Cody Hundertmark and Blake Johnson of CBRE represented the seller.
Jones Day has advised Credit Suisse Group on the deal with a team led by Real Estate of counsel Kent Richey.
Involved fees earner: Kent Richey – Jones Day;
Law Firms: Jones Day;
Clients: Credit Suisse;