{"id":1004167510,"date":"2017-02-24T07:08:06","date_gmt":"2017-02-24T15:08:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004167510"},"modified":"2022-12-08T07:55:42","modified_gmt":"2022-12-08T15:55:42","slug":"structured-development-announces-100ksf-office-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/","title":{"rendered":"Structured Development Announces 100 KSF Office Sale"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004167530\" style=\"width: 333px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004167530\" data-attachment-id=\"1004167530\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/1333-n-kingsbury-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1333 N. Kingsbury, Chicago\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1333 N. Kingsbury, Chicago&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg?w=800\" class=\"wp-image-1004167530 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg\" alt=\"1333 N. Kingsbury, Chicago\" width=\"323\" height=\"242\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 323px) 100vw, 323px\" \/><\/a><p id=\"caption-attachment-1004167530\" class=\"wp-caption-text\">1333 N. Kingsbury, Chicago<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014Structured Development\u2019s founding principal, Michael Drew, announced the $27.8 million sale of 1333 N. Kingsbury, a 100,000-square-foot office building in Chicago\u2019s Clybourn Corridor. Credit Suisse Group, a Zurich-based company bought the asset for $278 per square foot. Cody Hundertmark and Blake Johnson of CBRE represented the seller, Everbury Partners, a limited partnership managed by Drew.<\/p>\n<p>Prior to becoming an office space, 1333 N. Kingsbury housed manufacturing operations for Peppers Waterbeds. Drew converted the building intro a multi-tenant office building including college sports recruiting firm National Collegiate Scouting Association, which occupies 38,000 square feet and recruiting and staffing firm TrueBlue, which occupies 30,000 square feet. According to <em>Yardi Matrix<\/em>, the office building also includes 56,000 square feet of retail space.<\/p>\n<p>\u201cThe sale of 1333 N. Kingsbury shows how institutional investors \u2013 both domestically and internationally \u2013 are pursuing a greater variety of deals, including loft office properties outside the CBD that offer comparatively attractive yields,\u201d Drew said in a statement. \u201cInterest is especially high in buildings like 1333 N. Kingsbury that are stabilized with long-term, credit-worthy tenants. These loft office conversions, along with newer mixed-use developments like NEWCITY, have helped create the live-work-play lifestyle that has drawn so many people to the neighborhood.\u201d<\/p>\n<p><em>Image courtesy of Structured Development<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit Suisse Group acquired the property for $27.8 million.<\/p>\n","protected":false},"author":436,"featured_media":1004167530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,13,21742,21747],"tags":[32789,34106,34023],"class_list":["post-1004167510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-midwest","category-latest","category-office","tag-cbre","tag-credit-suisse","tag-structured-development-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Structured Development Announces 100 KSF Office Sale - 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\/structured-development-announces-100ksf-office-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Structured Development Announces 100 KSF Office Sale\" \/>\n<meta property=\"og:description\" content=\"Credit Suisse Group acquired the property for $27.8 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-24T15:08:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:55:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/\",\"name\":\"Structured Development Announces 100 KSF Office Sale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg\",\"datePublished\":\"2017-02-24T15:08:06+00:00\",\"dateModified\":\"2022-12-08T15:55:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg\",\"width\":800,\"height\":600,\"caption\":\"1333 N. Kingsbury, Chicago\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Structured Development Announces 100 KSF Office Sale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8\",\"name\":\"Adina Rogoz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78\",\"caption\":\"Adina Rogoz\"},\"description\":\"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adina-rogoz\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Structured Development Announces 100 KSF Office Sale - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/","og_locale":"en_US","og_type":"article","og_title":"Structured Development Announces 100 KSF Office Sale","og_description":"Credit Suisse Group acquired the property for $27.8 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-02-24T15:08:06+00:00","article_modified_time":"2022-12-08T15:55:42+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg","type":"image\/jpeg"}],"author":"Adina Rogoz","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/","url":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/","name":"Structured Development Announces 100 KSF Office Sale - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg","datePublished":"2017-02-24T15:08:06+00:00","dateModified":"2022-12-08T15:55:42+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg","width":800,"height":600,"caption":"1333 N. Kingsbury, Chicago"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/structured-development-announces-100ksf-office-sale\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Structured Development Announces 100 KSF Office Sale"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8","name":"Adina Rogoz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","caption":"Adina Rogoz"},"description":"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/adina-rogoz\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/1333-N.-Kingsbury.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004167510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/436"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004167510"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004167510\/revisions"}],"predecessor-version":[{"id":1004619809,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004167510\/revisions\/1004619809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004167530"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004167510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004167510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004167510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}