“The buyer is committed to the neighborhood and feels 424 N. Wood is only going to grow in value,” said director Colin O’Malley, who represented seller 424 N. Wood LLC in the deal. “The property is minutes to downtown but permits industrial use. It’s between the West Loop and Fulton Market, which is booming with new mixed-use developments, and West Town and Ukrainian Village, which also have seen substantial commercial and residential growth in recent years. Despite some delays due to COVID-19, we were able to close at a solid price that satisfied both seller and buyer.”

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