New owner finalizes deal with Soffer Organization to take ownership of SouthSide Works

It's official.

There's a new owner of the mixed-use heart of the SouthSide Works, the master plan redevelopment of a former steel mill on the South Side.

Ian Ross, a founder and principal of New York-based Somera Road Inc., a real estate firm that specializes in distressed assets, confirmed that his company reached final terms and took ownership of the property.