Developer Sterling Bay Cos. has hired a longtime CBRE Inc. executive to manage the firm's rapidly growing portfolio.
Sterling Bay also has repositioned several properties in the West Loop, including a 230,000-square-foot building at 400 S. Jefferson St., now home to Hillshire Brands Co., and a larger building at 111 N. Canal St., where in-flight wireless provider Gogo Inc. plans to move its headquarters and some 460 employees next year.
“They are very, very adept at stepping ahead of the market in terms of seeing what could be a viable area or a viable play,” said Robert Sevim, an executive managing director in the Chicago office of New York-based Studley Inc. “They have such a perfect blend of being able to see things and being able to execute on them.”CBRE exec beefs up Sterling Bay's rhythm section
Related StoriesStudley boosts commitment to Midwest, industrial
Off-Loop Markets Stengthening, Studley Finds