JLL to market Anixter Center property in Clybourn Corridor

Nonprofit building in former PMD zoning hits the market
JLL to market Anixter Center property in Clybourn Corridor  

CHICAGO, July 20, 2017 – One of the first repositioning opportunities in Chicago’s former planned manufacturing district (PMD) zoning is now available. JLL today announced it has been retained by Anixter Center, one of the largest nonprofit organizations in the Chicago area serving people with disabilities, to bring its 2032 N. Clybourn property to market. The listing, a four-story, 154,000-square-foot office building should see a multitude of investors as this area of Chicago is expected to undergo a massive redevelopment with the recent lift of the PMD zoning.

JLL’s Development and Asset Strategy team is leading the marketing efforts.

“This site represents a tremendous opportunity to be a part of the major transformation we are about to see in this area of Lincoln Park and along the Chicago River,” said Tom Kirschbraun, Managing Director for JLL. “This is a chance for investors and developers to bring an entirely new concept to a building that sits in one of the city’s strongest and most dynamic real estate submarkets.”

As Anixter Center prepares to move its current operations it comes at a time when potential offerings could mean big changes for this area. In addition to the recent PMD changes, Sterling Bay is also planning for a major redevelopment of the former A. Finkl & Sons steel plant site that sits along just west of Anixter’s 2032 N. Clybourn building.  

“We recognize what a unique opportunity this is for us; timing is right and we’re taking full advantage,” said Dr. Teresa Garate, President and CEO of Anixter Center. “We believe that now is the time to right size our space and move our services to convenient locations that best serve the needs of our clients and our programs.”

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​

Contact:        Lesley Long
Phone:          +1 312 228 2112
Email:            Lesley.Long@am.jll.com

About Anixter Center
Anixter Center is one of the largest nonprofit organizations in Chicago serving people of all ages with disabilities and related health challenges. Through more than 30 programs at dozens of locations across the greater Chicago area, Anixter Center touches the lives of more than 8,000 children, teens and adults each year. The vast majority of people served by Anixter Center and its three divisions—CALOR, Chicago Hearing Society (CHS) and National Lekotek Center—live below the poverty line. To learn more, please visit www.Anixter.org.

Contact:           Daniel Summins
Phone: 773-973-7900, ext. 226
Email:  DSummins@Anixter.org

 

 

JLL to market Anixter Center property in Clybourn Corridor

Nonprofit building in former PMD zoning hits the marketJLL to market Anixter Center property in Clybourn Corridor   CHICAGO, July 20, 2017 – One of the first repositioning opportunities in Chicago’s former planned manufacturing district (PMD) zoning is now available. JLL today announced it has been retained by Anixter Center, one of the... Read more

Daily Whale Q&A with Tere Garate

Q&A with Teresa Garate, president & CEO of the Anixter CenterTUE, 12/20/2016 - 3:40PM By: Daily Whale Staff Teresa Garate considers herself a “fixer” when it comes to her professional career. She has worked to implement organizational reforms while working at Chicago Public Schools’ Office of Specialized Services, the Illinois Department of... Read more

Dr. Garate’s Interview with Crain’s Chicago Business

By RYAN ORI | Crain's Chicago Business After pulling the plug on a deal to sell one of its two Clybourn Corridor buildings to a real estate developer, the nonprofit Anixter Center is now considering selling both of them and moving to new locations. Anixter has hired Jones Lang LaSalle to find a buyer for... Read more

 

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