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Sterling Bay Expands Services, Assumes Leasing at 210 N. Carpenter
Original developer and current property manager now assumes leasing, uniting multiple facets of the asset under one expert team.
Sterling Bay, the Chicago-based real estate investment and development firm known for creating transformative and experiential modern office environments, has expanded its third-party services at 210 N. Carpenter to include leasing, effective July 2026. The property benefits from the long-term ownership and financial strength of Deka Immobilien, one of the world’s leading real estate investment managers. As part of the Deka Group, Deka Immobilien manages more than $70 billion in real estate assets globally.
This expansion at 210 N. Carpenter builds on recent momentum for Sterling Bay’s third-party leasing, asset and property management services. Sterling Bay Property Management already runs day-to-day operations for 210 N. Carpenter and 905 W. Fulton, another Deka-owned property nearby. The firm also leads all three endeavors at 123 N. Wacker, where it quickly secured full-floor leases for the penthouse and 19th floor offices and filled two of three unoccupied retail spaces with highly desirable food and beverage tenants. Sterling Bay aims to leverage its expertise for similarly strong performance at 210 N. Carpenter.
“Nobody knows this asset more intimately than we do – we built, leased and sold it, and have continued to manage the property under Deka’s ownership. To be reengaged on the leasing is a meaningful moment for our team,” said Jess Brown, Principal, Leasing at Sterling Bay. “We are thrilled that Deka has chosen to deepen our partnership and trusts the differentiating ownership mindset we bring to third-party assignments. We look forward to working with them to position the property for long-term success.”
210 N. Carpenter will have 100,000 SF of new office availability in early 2028. Throughout the partnership at 210 N. Carpenter, Sterling Bay’s expert leasing team will focus on driving value for ownership through their Fulton Market knowledge and creative leasing strategies. The property and asset management teams will work in concert with leasing and the firm’s in-house design team, Sterling Bay Design Studio, employing Sterling Bay’s high-touch design and high-quality service for the asset.
“210 N. Carpenter is uniquely positioned to meet the growing tenant demand for strong existing conditions with near-term occupancy,” said Brown. “The combination of hospitality-driven amenities, efficient floor plates and a premier Fulton Market location creates a compelling offering for a wide range of office users. We have always believed in the property’s potential and the role it can play in expanding Chicago’s business district, and we look forward to positioning it for long-term success.”
Tenants enjoy an expansive amenity level on the 10th floor with a vast outdoor terrace and sweeping city views, tech-enabled conference spaces, a lounge with soft seating and a bar, and a large fitness center with a two-lane swimming pool. Efficient side-core floor plates offer flexible planning options across a wide range of tenant profiles and industries, represented by the existing tenant roster, which includes S2G Ventures and rEvolution Marketing.
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