One of last meatpackers sells for $36 million, moves out of Fulton Market

Neighborhood News

Longtime Fulton Market meatpacker Morreale Meats has sold five buildings and is moving out of the neighborhood. (SVN Chicago Commercial / via DNAinfo Chicago)

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WEST LOOP — Selling five buildings in red-hot Fulton Market, one of Chicago’s oldest meatpackers has moved out of the area.

Morreale Meats sold five properties, at 816-20 W. Fulton Market, 216-22 N. Peoria St, 226 N. Peoria St., 813 N. Wayman St. and 314 N. Halsted St., to New York-based Thor Equities, confirmed Scott Maesel, managing director of SVN Chicago Commercial, who represented the seller in the deal. The properties sold for $36 million, Maesel said in a statement Thursday.

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Thor plans to convert the historic buildings into prime retail and office space, a representative confirmed.

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