A boutique office building at 318 N. Carpenter Street in Fulton Market, sitting directly across from Google's Fulton Market campus, hit the market Tuesday, setting up a rare small-block sale in one of Chicago's most competitive office districts. Delivered in the middle of the pandemic-era rebound, the property mixes modern Class A office floors with street-level retail and outdoor amenity space that helps it punch above its weight in the West Loop lineup.
As first reported by Crain's Chicago Business, the owner has started formally marketing the Fulton Market building to potential buyers. The listing is drawing attention largely because of its position directly opposite Google's campus and the lack of similarly sized, move-in-ready office assets in the immediate area.
Building details
Developer materials describe the property as an office building of roughly 105,000 square feet, delivered in 2020, with street-level retail and several outdoor spaces geared to tenants. Murphy Real Estate Services lists the project as a 105,000-square-foot, seven-story office completed in late 2020, while investor-focused information from Creek Lane Capital puts the size at about 105,407 square feet and highlights rooftop terraces and private outdoor areas.
What the listing shows
Public listings and broker marketing material call out street-level retail, bike storage, a fitness center and multiple outdoor terraces that are being pitched to hybrid-work tenants. The building is framed as a turnkey, boutique choice for companies that want a Fulton Market address without signing on for a full mega-block lease. Property detail pages and marketing flyers on commercial-listing platforms lay out the amenity package and current availabilities, according to the public listing on CityFeet.
Why this matters in Fulton Market
Fulton Market's heavy roster of tech and creative tenants has kept demand relatively strong for high-quality, amenity-forward space, so a small-block option right across from Google gives investors a shot at a trophy location. Recent out-of-town acquisitions and ongoing leasing in the West Loop signal continued appetite for the submarket, as seen when an Italian conglomerate snapped up Fulton Market loft offices. Local brokerage reports also show concentrated first-quarter demand in the West Loop for move-in-ready, well-located buildings, which could help fuel competition for the 318 N. Carpenter offering, according to market summaries from Bradford Allen.
Because this listing is a relatively compact, turnkey asset in a high-demand pocket, it could appeal to a broad range of buyers, from institutional investors and REITs seeking Fulton Market exposure, to private buyers and regional operators. Brokers and local market watchers will be tracking whether the Google-adjacent address and the building's amenity mix translate into a heated sale process that further reinforces Fulton Market's premium status in Chicago's office scene.
