DePaul land purchase

By Jessica Galliart

In the ongoing race for space in the South Loop, DePaul University has taken the lead over Columbia—for now.

DePaul increased its real estate holdings in the South Loop by 25 percent with the purchase of the 14 E. Jackson Blvd. in June. According to a press release, the acquisition of the 18-story, 384,000-square-foot building makes DePaul the largest educational institution in the area and the largest owner of land with approximately 1.7 million square feet in South Loop holdings.

Columbia was previously the largest owner in the South Loop, owning more than 1.25 million square feet in holdings. According to Micki Leventhal, Columbia media relations director, Columbia anticipates owning the 39,700-square-foot site at 16th and State streets for future Media Production Center by the end of the year. This would increase the college’s holdings to approximately 1.3 million square feet.

The Chicago Community Development Commission voted unanimously June 12 to recommend that the Chicago City Council approve the sale of the land to Columbia for the construction of the Media Production Center.