The owners of the Chicago Cubs have added to their stronghold of properties surrounding Wrigley Field, paying $2.3 million for a small office building at the corner of Clark Street and Waveland Avenue.
The Ricketts family bought the 28,975-square-foot office building at 3721 N. Clark St. from a venture of the Tribune Co., which leased it to a Ricketts venture after selling the Cubs to the family in 2009, according to Cook County records. The lease included an option to buy the property.
The offices, split between Cubs front office personnel and ballpark food vendor Levy Restaurants, are nearing maximum capacity, said Julian Green, team spokesman.
The property is just north of a planned public plaza, part of the Wrigley renovation plan finalized last month. The designincludes new offices and meeting spaces for the North Siders’ staff along the northern edge of the property.
“Our vision is to eventually have our front offices in that building,” Mr. Green said.
Read more in Crain’s Chicago Business.