Neighborhood News

Finkl Steel Sold to Sterling Bay


Photo Credit: DNAInfo/Paul Biasco

Posted on December 13, 2016

According to published reports in DNA Info and Crain’s, developer Sterling Bay and its investment partner in the deal, Dallas-based private equity firm Lone Star Funds  has closed on its $100 million purchase of the Finkl Steel site.

Ted Cox of DNA Info writes, “Sterling Bay is known for redeveloping properties and bringing in major tenants like Google and Twitter, but it will need to have changes made in the North Branch Industrial Corridor plan to continue with its development of the 22-acre site.”

Mayor Emanuel’s Industrial Corridor Modernization – North Branch community outreach will host a public meeting on Tuesday, December 13, at UI Labs, 1415 N Cherry Ave, Chicago on 2016, from 6pm to 8pm. An RSVP is required to attend. Click here to register.

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