Sterling Bay’s boutique office building 345 N. Morgan is now over 90% leased with the signing of Flack Global Metals (FGM). FGM is a hybrid organization combining an innovative domestic flat-rolled metals distributor and supply chain manager, Flack Metal Supply (FMS), a hedging and risk management group supported by the most sophisticated ferrous trading desk in the metals industry known as Flack Metal Bank (FMB), and an investment platform focused on steel-consuming OEMs called Flack Manufacturing Investments (FMI).
“Fulton Market continues to attract Chicago’s top office tenants, and 345 N Morgan continues to capture great leasing velocity. This building features everything today’s modern workforce demands – unique amenities, flexible, customizable spaces, and access to fresh air on every floor,” said Andy Gloor, CEO of Sterling Bay.
Currently located at 20 N. Clark, FGM will be nearly doubling their square footage to 6,000 square feet as they join companies like Boston Consulting Group and Greenberg Traurig who are leaving The Loop after signing leases in Fulton Market.
The 11-story building is located on N. Morgan St just south of Metra’s Union Pacific West line and includes retail space on the ground level to further extend the pedestrian realm of Fulton Market. 345 N Morgan features sought-after amenities including private outdoor terraces, a top-floor bar and lounge leading to a roof deck, a full-service fitness and wellness center, and high-tech conference spaces. Other tenants at the property include HAVI Group, Wellington Management, and design showrooms Allsteel, Humanscale, and JSI.
“Flack Global Metals is a company like no other, combining metals distribution, financial services and equity investing,” said Jeremy Flack, Founder and CEO of Flack Global Metals. “When looking to relocate in Chicago, we weren’t interested in just another office. We sought to create a branded space where all who interact with FGM can come together to share ideas and insights, to attend events and casual gatherings, and to experience what it means to be a FGM customer. We are creating that space at 345 North Morgan.”
Sterling Bay began construction on the 200,000-square-foot building in August of 2021. The building was completed in September of 2022 with an expedited 13-month construction schedule. According to the Sun-Times, FGM will move in in the New Year on Jan 1st.