Stream Realty Partners’ Chicago office has been awarded the leasing of 1K Fulton, a 531,200-square-foot, Class A high-rise in Chicago’s Fulton Market District.
1K Fulton was recently acquired by The RMR Group, a leading U.S. alternative asset management company with over $32 billion in assets under management. It is a market-defining creative office building anchored by Google’s Midwest headquarters.
“We are honored to execute on behalf of this cutting-edge trophy asset by The RMR Group,” said Patrick Russo, Executive Managing Director for Stream Chicago. “We are excited to deploy our market-leading leasing team to keep this fabulous property in its rightful place as a top-of-market asset.”
1K Fulton was acquired in June 2021 by Office Properties Income Trust, a client of RMR, which also manages the property. Deemed the most prestigious asset in tech-savvy Fulton Market, the building is set apart by its state-of-the-art amenities including outdoor terraces, an expansive fitness center, ample indoor parking, and elite dining.
Situated at 1000 W. Fulton, the 10-story brick façade serves as a landmark in this historic Fulton Market submarket. The neighborhood was originally home to the produce and meat-packing industry. But with the evolution of technology, it has been repositioned as Chicago’s new center for corporate reinvention.
“Fulton Market District is seeing an influx from entrepreneurs, tech companies, and retailers,” said Carl Awalt, RMR’s Regional Senior Vice President for the Midwest. “We are proud to have awarded leasing at 1K Fulton to Stream, which has experience with a number of high-profile assets across the nation.”
Stream’s Russo, Managing Director Mark Bâby, and Senior Vice President Jessica O’Hara will oversee the leasing of the asset. Stream is a national real estate services, development, and investment company.