New York-based JK Equities has acquired 1400 West Monroe Ave., a four-story skilled nursing facility in Chicago’s West Loop, for $6M. Though the deal was structured as a sale-leaseback, the buyer intends to repurpose the building eventually, since it is near the growing Fulton Market submarket, which features new office space, hospitality offerings and multifamily properties. The buyer did not release any details about its plans.

Read Article: Bisnow