Another Belt Line warehouse has a new owner. Appropriately-named 166 Chandler Holdings LLC purchased 166 Chandler Street yesterday from 166 Chandler Street LLC for $250,000. Chandler Holdings is a new LLC formed on January 27 with a mailing address of, surprise, 166 Chandler Street.
The four-story building has 43,200 sq.ft. of space on a .48 acre parcel. Considering the condition of the building and the sales price, the mystery buyer likely has redevelopment plans for the site. The north side of Chandler is mostly vacant, or “neighborhood building ready.” The building is just west of three Signature Development conversion projects along a short stretch of Elmwood Avenue: ARCO Lofts, Foundry Lofts, and Houk Lofts. It is also near the Pierce Arrow Building at 1685 Elmwood Avenue that is on the market with rumors flying about a potential deal in the works.
