CIM GROUP AND GOLUB & COMPANY SELL 40-STORY RESIDENTIAL MIXED-USED BUILDING AT 1001 S. STATE STREET IN CHICAGO
CHICAGO– August 8, 2018 – 半岛体育 and Golub & Company today announced the sale of a 40-story, 397-unit luxury multifamily residential tower at 1001 South State Street in Chicago’s South Loop neighborhood. ?The companies jointly developed the 440-foot tall building at the corner of 9th and State Streets and delivered it for occupancy in August 2016.
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半岛体育 and Golub & Company brought contemporary residences offering an array of technology-focused amenities to the South Loop, one of Chicago’s fastest-growing and desirable neighborhoods. ?1001 South State features a communal workspace where residents have access to a state-of-the-art CNC milling machine and a 3D Laser Printer, equipment that appeal to many in the technology start-up and related businesses. ?The property also provides a co-working space with an interactive whiteboard technology presentation system, common areas outfitted with USB stations, and a shared media and game room.
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1001 South State also offers residents abundant outdoor gathering and recreation options including an outdoor pool and sundeck, an outdoor hot tub, a terrace with cabanas and grilling stations, and a birch grove. ?Residents also have access to a fitness center, a specialty yoga studio, a conference room, a bike share and repair room, a dog run and pet grooming area, a resident lounge, and services including automated package pick-up and dry cleaning. ?Complimentary Wi-Fi is available throughout common areas and adding to the buildings top-tier connectivity, units are fitted with smart phone-compatible thermostats and USB ports in the kitchens and bedrooms.
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CIM and Golub continue to bring community-focused mixed-use properties to Chicago, including luxury condominiums at Tribune Tower and 1550 on the Park. ?The companies together also own and operate the 625 North Michigan Avenue office building.
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ABOUT CIM GROUP
CIM is a community-focused real estate and infrastructure owner, operator and lender. Since 1994, CIM has led more than $56 billion of projects in communities across the Americas on behalf of its own account and its partners, co-investors and shareholders. CIM’s broad in-house expertise includes decades of research, acquisition, credit analysis, development, finance, leasing and asset management experience in urban real assets, net-lease assets and other associated credit strategies. CIM seeks to maximize its disciplined approach and extensive in-house expertise by creating value in projects, which ultimately enhances communities. For more information, visit .
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ABOUT GOLUB & COMPANY LLC
Since its founding more than 55 years ago, with three generations of professionals working in the business, Chicago-based Golub & Company has built a strong reputation as a trusted co-investor and developer with its many institutional and private capital partners. It’s a reputation based on track record; Golub and its affiliates have owned, leased or managed more than 50 million square feet of commercial, mixed-use and multifamily real estate properties, including 45,000 residential units, valued in excess of $10 billion located across the United States and internationally.
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