Chicago-Based Developer Acquires 2 Buildings Along West Loop's Restaurant Row

Posted by Leo Clark. on Monday, November 12th, 2018 at 4:02pm.

The McDonald’s-effect continues to have a huge impact on the West Loop’s west side as 2 more buildings recently sold for well over what was paid for each just a few years ago.

According to a new report from Crain’s, a New York-based investor just unloaded 1100-08 and 1114. W. Randolph to Chicago-based L3 Capital for $12 million, netting quite a profit in the process. As mentioned in the report, Gilman Management paid just $3.7 million for the buildings back in 2013 and 2014.

Back in 2014, MTV’s “The Real World” was filmed in the two-story building at 1100-08 Randolph, while the other building, which was the former home of Tete Charcuterie, no doubt saw a major jump in value once McDonald’s recently opened their spectacular new headquarters across the street.

As of now, nothing has been announced regarding what L3 Capital plans to do with either site.

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