CBRE has helped to sell a 1.7-acre property at 420 N May St., Chicago’s Fulton Market. Crescent Heights purchased the property from 420 May Acquisitions LLC for $34,50,000. The transaction closed on February 27, 2023. Tom Svoboda, CBRE, represented the seller, 420 May Acquisitions LLC.
The buyer, Crescent Heights, has proposed a large multifamily/mixed-use development for the site. The Miami-based developer has been active with multiple projects in Chicago including the construction of Nema Chicago in 2019, a 76-story skyscraper housing 800 units. In addition, the buyer purchased another West Loop site at 640 W. Washington in 2020.