Market Overview

CIM Group and Golub & Company Sell 40-Story Residential Mixed-Use Building at 1001 S. State Street in Chicago


CIM Group and Golub & Company today announced the sale of a 40-story,
397-unit luxury multifamily residential tower at 1001 South State Street
in Chicago's South Loop neighborhood. The companies jointly developed
the 440-foot tall building at the corner of 9th and State
Streets and delivered it for occupancy in August 2016.

CIM Group and Golub & Company brought contemporary residences offering
an array of technology-focused amenities to the South Loop, one of
Chicago's fastest-growing and desirable neighborhoods. 1001 South State
features a communal workspace where residents have access to a
state-of-the-art CNC milling machine and a 3D Laser Printer, equipment
that appeal to many in the technology start-up and related businesses.
The property also provides a co-working space with an interactive
whiteboard technology presentation system, common areas outfitted with
USB stations, and a shared media and game room.

1001 South State also offers residents abundant outdoor gathering and
recreation options including an outdoor pool and sundeck, an outdoor hot
tub, a terrace with cabanas and grilling stations, and a birch grove.
Residents also have access to a fitness center, a specialty yoga studio,
a conference room, a bike share and repair room, a dog run and pet
grooming area, a resident lounge, and services including automated
package pick-up and dry cleaning. Complimentary Wi-Fi is available
throughout common areas and adding to the buildings top-tier
connectivity, units are fitted with smart phone-compatible thermostats
and USB ports in the kitchens and bedrooms.

CIM and Golub continue to bring community-focused mixed-use properties
to Chicago, including luxury condominiums at Tribune Tower and 1550 on
the Park. The companies together also own and operate the 625 North
Michigan Avenue office building.


CIM is a community-focused real estate and infrastructure owner,
operator and lender. Since 1994, CIM has led more than $56 billion of
projects in communities across the Americas on behalf of its own account
and its partners, co-investors and shareholders. CIM's broad in-house
expertise includes decades of research, acquisition, credit analysis,
development, finance, leasing and asset management experience in urban
real assets, net-lease assets and other associated credit strategies.
CIM seeks to maximize its disciplined approach and extensive in-house
expertise by creating value in projects, which ultimately enhances
communities. For more information, visit


Since its founding more than 55 years ago, with three generations of
professionals working in the business, Chicago-based Golub & Company has
built a strong reputation as a trusted co-investor and developer with
its many institutional and private capital partners. It's a reputation
based on track record; Golub and its affiliates have owned, leased or
managed more than 50 million square feet of commercial, mixed-use and
multifamily real estate properties, including 45,000 residential units,
valued in excess of $10 billion located across the United States and

Access more information by visiting

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