One North State :: Chicago, IL

One North State is a 523,000 square foot historic office building. The property was built in 1912 by the firm Holabird & Roche originally for the Mandel Brothers department store. The Property is ideally located on State Street in close proximity to retail, dining, lodging and public transportation. The property was purchased at a significant discount to replacement cost. The acquisition is an example of Stonewater’s value add historic building investment strategy.

Acquisition Date:	May 2007
Occupancy at Acquisition:	48%
No. of Stories:	16
Year Built:	1912
Square Feet:	523,389
Major Tenants:	Noble Charter Schools, International Academy of Design and Technology, National Opinion Research, Hostway, Help at Home and Zipatoni.
No. of Tenants:	6