{"id":1004606298,"date":"2022-10-12T02:14:40","date_gmt":"2022-10-12T10:14:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004606298"},"modified":"2022-12-08T16:55:01","modified_gmt":"2022-12-09T00:55:01","slug":"sterling-bay-completes-chicago-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sterling-bay-completes-chicago-office-building\/","title":{"rendered":"Sterling Bay Completes Chicago Office Building"},"content":{"rendered":"<div id=\"attachment_1004606307\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/345-Ground-3-e1665481073931.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004606307\" data-attachment-id=\"1004606307\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sterling-bay-completes-chicago-office-building\/345-ground-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/345-Ground-3-e1665481073931.jpg\" data-orig-size=\"1068,801\" 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=\"345-Ground-3\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;345 N. Morgan St. Image courtesy of Skender&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/345-Ground-3-e1665481073931.jpg?w=1024\" class=\"wp-image-1004606307 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/345-Ground-3-e1665481073931.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/345-Ground-3-e1665481073931.jpg 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/345-Ground-3-e1665481073931.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/345-Ground-3-e1665481073931.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/345-Ground-3-e1665481073931.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004606307\" class=\"wp-caption-text\">345 N. Morgan St. Image courtesy of Skender<\/p><\/div>\n<p><strong>Sterling<\/strong> <strong>Bay<\/strong> has completed a 200,000-square-foot office building in Chicago\u2019s Fulton Market neighborhood. The company\u00a0financed the project with a $69 million construction loan held by <strong>Bank OZK<\/strong>, CommercialEdge data shows.<\/p>\n<p><strong>Skender<\/strong> and <strong>JLL Construction<\/strong> acted as general contractors for the project at 345 N. Morgan St., while <strong>Eckenhoff<\/strong> <strong>Saunders<\/strong> <strong>Architects<\/strong> was in charge of design. Completed in 13 months, the property is already 85 percent leased, with tenant move-ins expected to start in March 2023.<\/p>\n<p>The 11-story building features 24,018-square-foot floorplates, four passenger elevators and 34 parking spots, CommercialEdge shows. Amenities include a 5,000-square-foot roof deck, outdoor terraces on each floor, a bar, a lounge, a library, a fitness center and multiple conference rooms. The new office property is situated between interstates 90 and 290, close to multiple bus and subway stations, 3 miles from the Gold Coast neighborhood and 6 miles from the city\u2019s shopping district on Michigan Avenue.<\/p>\n<hr \/>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/top-leed-certified-office-buildings-in-illinois\/\">Top LEED-Certified Office Buildings in Illinois<\/a><\/p>\n<hr \/>\n<p>Designed to achieve LEED certification, the property features 5,000 square feet of retail, floor-to-ceiling arched windows and welded metal accents that reflect the neighborhood\u2019s industrial past. Skender is also in charge of tenant fit-out for five floors of the building, four of them being for HAVI Group, a supply chain management company, and one floor for office furniture manufacturer Allsteel.<\/p>\n<p>Earlier this year, Hines and Salesforce topped out a 60-story office high-rise in downtown Chicago. The<a href=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-tops-out-on-1-2-msf-chicago-tower\/\"> 1.2 million-square-foot property<\/a> dubbed Salesforce Tower Chicago is expected to come online in the first quarter of 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank OZK financed the project with a $69 million construction loan.<\/p>\n","protected":false},"author":2991,"featured_media":1004606307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,13,21742,21747],"tags":[41597,32779,37286,33248],"class_list":["post-1004606298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-midwest","category-latest","category-office","tag-bank-ozk","tag-leed","tag-skender-construction","tag-sterling-bay-company"],"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>Sterling Bay Completes Chicago Office Building - CPE<\/title>\n<meta name=\"description\" content=\"Sterling Bay has completed a 200,000-square-foot office building in Chicago. 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