Pilsen, Chicago · 2150 S. Canalport Avenue
What this engagement established.
The sale completed in 2019 for $25 million. John recalls earlier industry estimates of approximately $17 million. The $17 million figure is that recollection.
Understand the opportunity.
Approximately 220,000 SF in Pilsen combined creative offices, event space, coworking activity, parking and additional land. The seller’s business ecosystem and community were meaningful parts of the decision.
Recognizing the whole asset meant understanding how its uses and additional land fit together, then reaching counterparties who could see that picture.
A specific engagement.
John represented the seller, sourced buyers and arranged the completed 2019 sale. Engagement details are Paladin’s account of John’s work; published coverage supports the transaction price.
Decisions addressed
Buyer fit, income quality, property positioning, negotiation and execution needed to be evaluated alongside the seller’s longer-term priorities.
A broader picture of value
This compares John’s recollection of an earlier industry estimate with the published sale price.
What carries forward.
Value is not always visible in a conventional category. Understanding the full asset and the seller’s priorities supports a better-informed negotiation; it does not guarantee an outcome.
Supporting sources
Independent coverage and official business context are identified above. John’s role and engagement details are attributed to Paladin’s account of his experience unless specifically supported by a published source. External publishers control availability and may require a subscription.
Related expertise
Acquisitions & dispositions
↗Valuation & portfolio strategy
↗Bring the decision into focus.
Share the property or business, location, objective, timing and best phone number. You do not need a fully documented package for an initial conversation.
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