{"id":1004115892,"date":"2015-03-20T07:10:17","date_gmt":"2015-03-20T15:10:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=334528"},"modified":"2022-12-05T14:39:50","modified_gmt":"2022-12-05T22:39:50","slug":"ceres-acquisitions-grabs-435-n-lasalle-in-chicagos-river-north","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ceres-acquisitions-grabs-435-n-lasalle-in-chicagos-river-north\/","title":{"rendered":"Ceres Acquisitions Grabs 435 N LaSalle in Chicago\u2019s River North"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

435 N LaSalle<\/p>\n<\/div>\n

Ceres Acquisitions, a subsidiary of Michael Palumbo-led MJP Capital recently acquired 435 N. LaSalle in Chicago\u2019s River North neighborhood. The company paid $8.175 million for the building, which comprises almost 50,000 square feet of office space at the corner of LaSalle and Hubbard.<\/p>\n

MJP Capital, a private Midwest holding company focusing on real estate and technology, partnered with Chicago-based Elmdale Partners in the transaction.<\/p>\n

\u201cRiver North is one of the hottest office markets in the country right now, and we feel this property offers exceptional value,\u201d said Michael Palumbo, president and chairman of MJP Capital. \u201cWe are excited to partner with Elmdale Partners to acquire this property and look forward to future investment opportunities.\u201d<\/p>\n

MJP Capital is comprised of two main ventures, namely Ceres Acquisitions and CeresTech. Michael Palumbo is a well-known Chicago trader, entrepreneur and investor; he is also the founder and controlling partner of Third Millennium Trading, LLC.<\/p>\n

According to a news release, Ceres plans to invest additional capital into the renovation of the four-story building\u2019s interior, including the lobby and elevators.<\/p>\n

Image courtesy of Loopnet.com<\/a><\/em><\/p>\n

Click here<\/a><\/strong> for further data on Chicago<\/strong>\u2019s office<\/strong> market<\/p>\n","protected":false},"excerpt":{"rendered":"

Ceres Acquisitions, a subsidiary of Michael Palumbo-led MJP Capital has recently acquired 435 N. LaSalle in Chicago’s River North neighborhood<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004115892","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"\nCeres Acquisitions Grabs 435 N LaSalle in Chicago\u2019s River North - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ceres-acquisitions-grabs-435-n-lasalle-in-chicagos-river-north\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ceres Acquisitions Grabs 435 N LaSalle in Chicago\u2019s River North\" \/>\n<meta property=\"og:description\" content=\"Ceres Acquisitions, a subsidiary of Michael Palumbo-led MJP Capital has recently acquired 435 N. 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