FULTON MARKET — Coyne College is moving out of its building in the booming Fulton Market and plans to sell the property this year.
The for-profit college is moving to 1 N. State St. in the Loop in July, college President Russell Freeman confirmed to DNAinfo Chicago. The Fulton Market campus at Peoria and Wayman streets includes a 76,000-square-foot building and adjacent parking lot.
"We're downsizing to a smaller facility," Freeman said. "We just don't need a facility this large."
Coyne College owns its Fulton Market building and the adjacent parking lot. The campus, bound by Peoria, Wayman and Halsted streets and the Metra railroad tracks, is located two blocks east of Google's Chicago headquarters in the 1K Fulton building.
A source familiar with the property said the building's sale to a developer was pending. Freeman declined to say if the building was currently on the market and declined to name a prospective buyer.
Constructed in 2004, Coyne College's West Loop campus is located in the red-hot Fulton Market area. Historically known as the city's meatpacking district, Fulton Market is now home to a slew of trendy restaurants and other high-end new construction projects.
The Coyne College building is located just outside of the Fulton-Randolph Market Landmark District, a designation that places development restrictions on some sites in Fulton Market.
Coyne College offers construction trades, medical assistant, pharmacy technician and other career programs. About 450 students are enrolled in the college, Freeman said.
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