Sterling Bay Completes Chicago Office Building

345 N. Morgan St. Image courtesy of Skender

Sterling Bay has completed a 200,000-square-foot office building in Chicago’s Fulton Market neighborhood. The company financed the project with a $69 million construction loan held by Bank OZK, CommercialEdge data shows.

Skender and JLL Construction acted as general contractors for the project at 345 N. Morgan St., while Eckenhoff Saunders Architects 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.

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’s shopping district on Michigan Avenue.

READ ALSO: Top LEED-Certified Office Buildings in Illinois

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’s 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.

Earlier this year, Hines and Salesforce topped out a 60-story office high-rise in downtown Chicago. The 1.2 million-square-foot property dubbed Salesforce Tower Chicago is expected to come online in the first quarter of 2023.