Sterling Bay closes on industrial site at 4510 W. Ann Lurie

Sterling Bay has announced its successful closing on the purchase of 4510 W Ann Lurie Place, a 7.5-acre land parcel in Chicago’s Archer Heights neighborhood. The acquisition was made in partnership with Affinius Capital, with a construction loan from First National Bank of Omaha.

The firm plans to develop a 147,500 square foot industrial facility on site to meet the city’s increasing demand for modern industrial space. This project further solidifies the company’s commitment to expanding its portfolio into new verticals outside of creative office, including industrial, life sciences and residential.

The development at 4510 W Ann Lurie Place will be constructed by PREMIER Design + Build Group, featuring ten loading bays, two drive-in doors, and 101 vehicles parking spaces. Notably, the LEED Silver-certified facility will support sustainable operations, with EV charging stations to promote eco-friendly transit, upgraded steel components for future solar panel integration, and native landscaping to enhance the exterior environment.

“This project reflects our unwavering belief in the power of real estate development to contribute to the betterment of our city,” said Andy Gloor, CEO at Sterling Bay. “By prioritizing strategic urban planning, innovative design, and sustainable practices, like we’ve done here at 4510 W Ann Lurie Place, we aim to develop spaces that foster economic growth, create job opportunities, and enhance community resilience across Chicago.”

4510 W Ann Lurie Place is set to break ground later this year, creating upwards of 35 full-time jobs once fully occupied. As part of its commitment to engaging local minority and women-owned businesses across its portfolio, Sterling Bay has committed to adhere to the city of Chicago’s MWBE Program at 4510 W Ann Lurie Place, which sets goals for MWBE participation at twenty-six percent and six percent, respectively.