Crain’s Headlines: Clayco Finalizing Big Buy in Fulton Market District

A fast-growing construction and design firm is buying almost a full city block near the eastern end of the Fulton Market District.

Sources say the real estate development arm of Clayco is finalizing a deal to buy the Bridgford Foods processing plant at 170 N. Green St.

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Representatives for the company declined to comment on the sale price, but sources say it’s set to pay around $60 million for the 62,000-square-foot site.

The sale would mark one of the highest prices ever paid for a Fulton Market property that hasn’t been redeveloped. And the deal would add Bridgford to the pack of longtime Fulton Market meat companies that have left the corridor.

In other Chicago-area business news:

A Chicago-based network of more than 50 senior-focused health centers across the country has unveiled aggressive growth plans as the population ages.

Oak Street Health, which offers primary care and other services to people on Medicare, says it intends to open more than eight clinics in new and existing markets this year.

The company is making its debut in Tennessee and Texas, as well as expanding in Detroit, Cleveland and Greensboro, North Carolina, with additional clinics in the works.

The privately held company, founded in 2012, is backed by General Atlantic, Newlight Partners and Harbour Point Capital.

Finally, good news for brunch-goers.

A City Council committee has approved an ordinance that would let Sunday diners order mimosas, bloody marys and other drinks an hour earlier than usual.

The measure would allow restaurants to start serving alcoholic beverages at 9 a.m. on Sundays.

Ald. Michele Smith, 43rd Ward, who introduced the ordinance, says the popularity of European soccer inspired the proposal.

The measure is headed to the full City Council for a vote.

Crain’s Headlines is a joint production between WTTW and Crain’s Chicago Business. It airs every Monday through Thursday on the WTTW News program “Chicago Tonight.” 

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