213 West Institute is the perfect blend of vintage brick and timber and modern office construction. Along with the building’s great design comes walkable shopping, restaurants, bars, hotels and transportation
The Institute building is a vintage brick and timber loft office building, once home to Gormully & Jeffery Mfg. Co., a bike manufacturing facility. The historic property recently underwent a full renovation, with over $6.3 million worth of capital improvements.
Since 2015, the property has undergone a roof replacement, lobby renovation, corridor upgrades, new fire panel and freight elevator, along with replacement of tenant specific HVAC units and coils. These upgrades have been accretive in improving the building to a best-in-class brick and timber building, but also in the retention of existing tenants and marking rents to market. In addition to the renovation, the property also offers an on-site 32-stall parking lot, a rare amenity within the submarket.
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Why Tenants Like this Property
The property offers an on-site 32-stall surface parking lot, walkable amenities (98 walk score), superior access to north Chicago and direct access to the Loop with access to the brown and purple line transit stops.