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Sold Stuff

Someone just paid a lot of money for some warehouses. A Chicago company paid $38.M for property at 3800 First Ave. in SoDo. That's almost $120 a square foot! The location is home to 323K square feet of warehouse and distribution space, currently occupied by Charlie's Produce and Cascade Designs. High demand and low availability for space in SoDo seems to have driven up the price. [PSBJ]