Chicago Crain's: Olympia Meats sold to 'MRC' with Furious Spoon Expanding to 810 W. Randolph

Another restaurant is coming to Randolph Street's restaurant row, taking over a butcher shop that has been a fixture there for decades.

Further illustrating the changing face of the Fulton Market neighborhood, an investor group led by Chicago-based Marc Realty Capital has acquired the two-story brick building at 810 W. Randolph St., the longtime home of Olympia Meats, which has shut down. Marc plans to bring a restaurant there run by Anshul Mangal, co-owner of Furious Spoon, FireFin Poke and other concepts, said David Ruttenberg, Marc's director of acquisitions.

The decision to open a restaurant there was a no-brainer, he said. The building is in the heart of the Randolph Street dining strip, on the same block as Au Cheval and Little Goat Diner and across the street from Girl & the Goat.

"It's screaming food and beverage, and it's screaming 'keep the building,' 'don't knock it down,' " Ruttenberg said. He gave no clues as to what Mangal plans in the space. "He's still trying to figure out what concept he's going to put in there."

Another restaurant is coming to Randolph Street's restaurant row, taking over a butcher shop that has been a fixture there for decades.

Further illustrating the changing face of the Fulton Market neighborhood, an investor group led by Chicago-based Marc Realty Capital has acquired the two-story brick building at 810 W. Randolph St., the longtime home of Olympia Meats, which has shut down. Marc plans to bring a restaurant there run by Anshul Mangal, co-owner of Furious Spoon, FireFin Poke and other concepts, said David Ruttenberg, Marc's director of acquisitions.

The decision to open a restaurant there was a no-brainer, he said. The building is in the heart of the Randolph Street dining strip, on the same block as Au Cheval and Little Goat Diner and across the street from Girl & the Goat.

"It's screaming food and beverage, and it's screaming 'keep the building,' 'don't knock it down,' " Ruttenberg said. He gave no clues as to what Mangal plans in the space. "He's still trying to figure out what concept he's going to put in there."

A spokeswoman for Mangal said he was traveling and unavailable for comment.

The stretch of Randolph Street west of the Kennedy Expressway has been a dining destination for decades, pioneered by restaurants like Marche, Vivo and Red Light. But it has exploded with new names more recently as Fulton Market has morphed from neighborhood of meatpackers and industrial firms into a fashionable destination for companies like Google, along with new hotels and residents. Olympia Meats is one in a long line of businesses that have closed or moved out of the neighborhood in the past several years.

A Marc venture that includes New York investor Jonny Gordon paid $2.25 million for the 2,900-square-foot building on Randolph, Ruttenberg said. It bought the property from a venture including George Tsoukas, who had run Olympia for more than 40 years.

Until around 2008, the butcher shop was known as Olympic Meats. But Tsoukas renamed it after a representative of the U.S. Olympic Committee contacted him to inform him that the old name violated a federal trademark that it held on the word "Olympic," according to the Chicago Tribune.

Efforts to reach Tsoukas were unsuccessful.

Broker Daniel Knorps, managing principal of Chicago-based KM Real Estate Capital, epresented Marc in the sale. Joseph Gloria, a broker at Conlon Commercial, represented Tsoukas.

Daniel Knorps