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11,700 SF Two Tenant Redevelopment
2048 West Hubbard Street
In the summer of 2022, MANNA Capital Partners acquired 2048 West Hubbard Street through an off-market transaction. Located just one block from The Machine Shop | North at 2145 W. Grand Avenue, the acquisition represented a strategic opportunity to expand MANNA’s presence in Chicago’s Kinzie Industrial Corridor and add a complementary property in close proximity to its existing portfolio.
The 11,700-square-foot industrial building sits on an 18,048-square-foot site—an increasingly rare infill property in one of Chicago’s most supply-constrained, high-barrier-to-entry industrial submarkets.
Following the acquisition, MANNA completed substantial renovations and repositioned the property into modern, air-conditioned warehouse and flex space. The first half of the building was leased to Ziken Signage, followed by Paris 312, a Chicago-based party and event supply company, which leased the remaining space. The property is now 100% occupied.
The surrounding neighborhood is positioned for significant long-term investment. Just south of the property, the Reinsdorf and Wirtz families – owners of the Chicago Bulls and Chicago Blackhawks – have announced The 1901 Project, a $7 billion mixed-use redevelopment surrounding the United Center. The ambitious project is expected to bring new residential, retail, entertainment, hospitality, and public spaces to the area, further strengthening the long-term outlook for Chicago’s Near West Side.
2048 West Hubbard also benefits from exceptional connectivity, with convenient access to downtown Chicago, major expressways, CTA bus service along Grand Avenue, and the new Damen Green Line station at Damen Avenue and Lake Street.
The acquisition reflects MANNA’s strategy of identifying well-located, infill industrial properties where strategic improvements, active management, and strong local demand can create lasting value.