Cinespace Studios is inching closer to offering backlot studio tours. The 52-acre complex at 2621 W 15th Place used for filming TV shows Empire, Chicago Fire and Chicago PD, and the films Jupiter Ascending and Divergent is a linchpin in Chicago’s growing film industry.
Cinespace president Alex Pissios plans to redevelop streetscapes around the complex, from 16th Street to Ogden Avenue along Washtenaw Avenue, to make the studio more attractive to tourists. The backlot tour would be the first of its kind outside Los Angeles.
SALES
Colliers’ Michael Senner and Vern Schultz repped Martin Capital Group in the $11.25M sale of 1900 W Walnut (above), a 58k SF industrial facility that’s 100% leased to digital imaging studio Matthews International. The buyer is Mark IV Realty.
First Western Properties completed the following sales:
- Kellen Duggan and Paul Tsakaris closed on 2852 W Madison St, a former Midas site that’s part of a redevelopment.
- Thor Madden and Mark Zeglen closed out a mixed-use building at 2744 W 18th St.
- Thor Madden and Yannis Arbis closed out a three-unit apartment building at 6638 S Woodlawn Ave and a five-unit building at 2845 W 25th Pl.
Interra Realty’s David Goss and Jon Morgan repped the buyer and seller of af 37-unit multifamily property at 4742 S Woodlawn. The seller was a local investment fund and the buyer was a private investor. David and Jon also repped the seller of a 50-unit multifamily property at 6901 S Paxton, which includes a 50-unit secured parking lot. The seller purchased the property out of foreclosure in 2010 and turned around a building that was 45% uninhabitable.
Quantum Real Estate Advisors’ Chad Firsel repped the seller of 451-459 Randall Crossings in North Aurora for $1.08M. The 11k SF building was 74% occupied at the time of sale of its kind outside Los Angeles.