offering overview available space: 5,000 sf 27/burnett · asking rent: $29/rsf mg building size:...
TRANSCRIPT
Chad Schroedl312.756.7329 [email protected]
Scott Maesel312.676.1860 [email protected]
--Click here for virtual showing--
Offering Highlights
• Rarely available timber and beam boutique office building
• 2 blocks from McDonald’s global headquarters
• Full usable basement and rooftop
• First floor voted one of Chicago Crain’s Business coolest offices
• Property is agent owned
2
OFFERING OVERVIEW
Offering Overview
Asking Rent: $29/RSF MG
Building Size: 10,000 SF
Available Space: 5,000 SF
Property Zoning: DS-3
Sub-Market: West Loop
Ward/Alderman: 27/Burnett
3
First Floor Overview
Available Space: 5,000 RSF
Asking Rent: $29/RSF MG
Condition: Move-In Ready
Available: Immediately
1ST FLOOR FLOOR PLAN
4
1ST FLOOR
The West Loop is Chicago’s former warehouse district and is among the most rapidly developing neighborhoods in the country. Originally a mix of factories, meat markets, and wholesale produce outlets, the neighborhood has seen a major demographic shift over the last decade. The historic brick and timber loft buildings that define the neighborhood have largely been converted to other uses, including a mix of luxury condos, creative offices, art galleries, critically acclaimed restaurants, hotels, and retail boutiques.
The West Loop has evolved into a must-see destination for locals and visitors who want to eat well. With new restaurant concepts opening on almost a weekly basis, the area boasts everything from Michelin Star rated Blackbird, Elske, Smyth & The Loyalist and Sepia restaurants to more casual options like Green Street Smoked Meats, Shake Shack, Sweetgreen, Parlor Pizza, Federales, and Umami Burger. Other well-known dining options include Girl and the Goat, Au Cheval, Lena Brava, Aviary, Momotaro, City Winery, Publican and Avec.
The neighborhood’s international reputation continues to grow with the opening of Google’s new Midwest headquarters, McDonald’s Global headquarters, Soho House hotel, Nobu Restaurant and hotel, Hoxton hotel, the We Work co-working building, Punch Bowl Social and Ace Hotel. Other companies calling the West Loop home include Uber, LinkedIn, Twitter and Gogo Inflight Internet. High-end retailers are also recognizing the area’s potential with the recent additions of Anthropologie, Free People, Billy Reid and Maria Pinto.
Excellent public transportation options including Metra train access at Ogilvie and Union Station combined with one of the city’s newest CTA stations in almost a decade that opened at Morgan and Lake in 2012 will continue to attract businesses and residents alike, making the West Loop one of Chicago’s most exciting and desirable neighborhoods.
To learn more about the West Loop, visit our blog at: www.westloopreport.com.
MEDIAN AGEAVERAGE INCOMEPER HOUSEHOLD
ESTIMATED POPULATION
ESTIMATEDDAYTIME
POPULATION
33 $135,000
52,00094,000
*DEMOGRAPHIC SNAPSHOT DATA PROVIDED BY APPLIED GEOGRAPHIC SOLUTIONS & COSTAR GROUP
NEIGHBORHOODSNAPSHOT
845+
NEIGHBORHO0DHOTEL ROOMS
PERCENTAGE OF POPULATION WITHBACHELOR’S DEGREE
80%
92%
SUB-MARKETOCCUPANCY
SF UNDER CONSTRUCTION
1,700,000
2018 MICHELINRECOGNIZED
RESTAURANTS
15
TOTAL ANNUAL RETAIL GOODSEXPENDITURE
$570,000,000
1.6
AVERAGEHOUSEHOLD SIZE
PERCENTAGE OFPOPULATIONWALKING TO WORK
31%
TOTALBUSINESSES
4,128
PERCENTAGE OFPOPULATION WITH
WHITE COLLAR JOBS
90%
5
WEST LOOP DESCRIPTION
5
GRAND
HUBBARD
KINZIE
CARROLL
FULTON
LAKE
RANDOLPH
WASHINGTON
MADISON
MONROE
ADAMS
JACKSON
VAN BUREN
OGDEN
AD
A
ELIZ
AB
ETH
RA
CIN
E
MA
Y
AB
ERD
EEN
CA
RP
ENTE
R
MO
RG
AN
SAN
GA
MO
N
PEO
RIA
GR
EEN
HA
LSTE
D
DES
PLA
INES
JEFF
ERS
ON
CLI
NTO
N
CA
NA
L
VAN BUREN
JACKSON
VAN BUREN
JACKSON
ADAMS ADAMS
MONROE MONROE
MADISON MADISON
WASHINGTON WASHINGTON
RANDOLPH RANDOLPH
LAKE
FULTON FULTON
CARROLL
KINZIE KINZIE
GRAND GRAND
OG
DEN
HUBBARD HUBBARD
WAYMAN WAYMAN
MILW
AUKEE
MILWAUKEE
KINZIE
ARBOUR
HA
LSTE
DH
ALS
TED
GR
EEN
PEO
RIA
SAN
GA
MO
N
MO
RG
AN
MO
RG
AN
CA
RP
ENTE
R
AB
ERD
EEN
AB
ERD
EEN
MA
Y
RA
CIN
E
RA
CIN
E
WIL
LAR
D
ELIZ
AB
ETH
AD
A
THR
OO
PTH
RO
OP
LOO
MIS
LOO
MIS
NO
BLE
LAFL
INLA
FLIN
JUS
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E
CA
NA
L
CLI
NTO
N
JEFF
ERS
ON
JEFF
ERS
ON
DES
PLA
INES
DES
PLA
INES
UN
ION
UN
ION
SKINNER PARKMARY
BARTELMEPARK
UNION PARK
HERITAGEGREENPARK
FULTONRIVERPARK
WORLD HQ
FOR
NO
RO
SSO
PIZ
ZER
IA
AN
THR
OP
OLO
GIE
LA SARDINE
COLD STORAGE
CITY MOUSE
AES
OP
NEXTROISTER
SMYTH &THE LOYALIST
BLUE PLATE
GYU-KAKUWES
T LO
OP
ATH
LETI
C C
LUB
PET CAREPLUS
BAD AXETHROWING
FREE PEOPLE
BELLY Q
HA
RV
EST
JUIC
ERY
FULTON MARKETKITCHEN
PUNCH BOWLSOCIAL
KU
MA
’S
THE
PU
BLI
CA
N
GU
S’S
WO
RLD
FA
MO
US
FRIE
D C
HIC
KEN
WEWORK
THEMID
CA
SPER
CEMITASPUEBLA
CITY WINERY
COREPOWERYOGA
VCA ANIMALCARE CENTER
SHAKESHACK
TAYLOR GOURMET
ALH
AM
BR
A
PALA
CE
REVELFULTON MARKET
BARTAKITO
PO
RK
CH
OP
UM
AM
I BU
RG
ER
BOUTIQUE BITES
OGDEN AUTOMOTIVE
CENTER
FULTONFIT HOUSE
LYON &HEALY HARPS
THE PRESSROOM
JUP
ITER
OU
TPO
ST
CH
ICA
GO
PA
RTY
AN
IMA
LS
ASP
EN
FOO
DS
AR
T +
SC
IEN
CE
SALERNO’S
MART ANTHONY
BU
TTER
FLY
SUSH
I
TERRY’STOFFEE
BENNETTDAY SCHOOL
ADMMILLING
MAZELMETALS
LESLIE HINDMANAUCTIONEERS
JOH
NN
Y’S
IC
E H
OU
SE
PIZZERIA DEL MERCATO
PEORIAPACKING
THEMADISON
CYCLE XGROUNDSWELL
CR
OSS
RO
AD
SB
AR
& G
RIL
L
THIR
DR
AIL
BU
TTER
FLY
SUSH
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HM DAYSPA
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SUSH
I DO
KK
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WEST LOOPVET
THEPARKER
LA JO
SIE
TAN
OSH
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ESCOBAR
AU
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SKY
LIN
ESM
ILES
HER
O
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FFEE
BA
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PO
OC
H
HO
TEL
CHICAGO CHILDREN’S
THEATER
SKINNER WESTELEMENTARY
HUBBARD STREETDANCE
SHER
WIN
WIL
LIA
MS
WHITNEY M YOUNGMAGNET HIGH SCHOOL
WISE OWLDRINKERY
GROUND UP COFFEE
OX
YGEN
SPA
STU
DIO
MORGANSTREETCAFE
PAW
N
ATU
RA
LS
JAZ
ZY
FLO
WER
S
ON YOUR MARK
TRAINING
GR
EAT
AM
ERIC
AN
BA
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PIN
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S PA
LETT
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VIA
GG
IO
RES
TAU
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SNIP
PET
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UTSTHE GARDNER
SCHOOL
FOR
MEN
TO’S JP
GR
AZ
IAN
O
NEL
LEC
OTE
BIL
LY R
EID
GREEN STREETSMOKED MEATS
BASE SALONPAGE ONEPILATES
CIA
OC
AFE
BIL
LY G
OA
T TA
VER
N
HAROLD’S CHICKEN
SHACK
CHICAGO POLICETRAINING DIVISION
SOUL CITY CHURCH
JC LICHTTRUE VALUE
M2CAFE
MELICAFE 9 MUSES
ARTROPOLISBAKERY
MR GREEKGYROS
ATHENA ARKADIAWEST LOOP
PILATESPRO WORKS
SANTORINIDUGAN’S
SQUARE ROOTSKITCHEN
FIFTH THIRDBANK
SUPERCUTS
MOMOTARO
LIMITLESS
PAGODARED
GREEN STREETLOCAL
MERIT SCHOOL OF
MUSIC
EL C
HE
BA
R
G2SALON
BLVD
FM H
AIR
ST
UD
IO
PRIMOSPIZZA
TACO BURRITOKING
LA SCAROLAPICCOLO
SOGNO
HAIR CUTTERY
MO
NEY
GU
N
SEPIA CHICAGO FRENCH MARKET
OGILVIETRANSPORTATION
CENTER
MADISONTAVERN
BLACKWOOD BBQ
NAF NAF GRILL
HASTEDSTREET DELI
IDOF
UNION STATION
LOU
M
ITC
HEL
L’S
BLACKIES
TITLEBOXING
RICHARD’S BAR
D’A
MA
TO’S
BA
KER
Y
BLI
ND
BA
RB
ER
6
15 S Aberdeen
NOTABLE AREA TENANTS
1K FULTON• Located at 1000 W Fulton• Current home of Google’s Midwest HQ,
SRAM, The Mill Visual Effects and Sandbox Industries
• Retail consists of Swift & Sons Steakhouse and South Central Bank
• Estimated employee population of 2,500• 530,000 SF development, which Google
occupies approximately 360,000 SF• All 1K Fulton tenants signed long term
leases
RANDOLPH WEST• Located at 110 N Carpenter• Home of McDonald’s Global HQ• McDonald’s will occupy 485,000 SF• Development will house approximately
2,000 employees• Completed in April of 2018• McDonald’s signed a 15-year lease• McDonald’s vendors, including Coca-Cola
are expected to relocate to the Fulton Market neighborhood
THE GOOGLE EFFECT
THE MCDONALD’S EFFECT
7
GIRL & THE GOAT809 WEST RANDOLPH STREET
RESTAURANTSNOTABLE RESTAURANT TENANTS
1020 W Madison 619 W Randolph 802 W Randolph 832 W Randolph
820 W Lake 809 W Randolph 108 N Green 834 W Fulton
180 N Morgan 951 W Fulton 1000 W Fulton
123 N Jefferson 177 N Ada 845 W Washington
738 W Randolph 1350 W Randolph 661 W Walnut 925 W Randolph
Monteverde Blackbird Bad Hunter Bar Siena
Momotaro Girl & The Goat Parlor Pizza Bar Beatrix
Ronero Elske Oriole Formento’s
Sepia Smyth & The Loyalist El Che Bar
Federales Roister Swift & Sons
8
940 W Fulton 167 N Sangamon 118 N Peoria 823 W MadisonAesop Lululemon Local Notre Orangetheory Fitness
9LULULEMON LOCAL167 NORTH SANGAMON STREET
RETAILNOTABLE RETAIL TENANTS
845 W Randolph 773 W Adams 16 S Halsted 40 S Halsted
1000 W Randolph 1 N Madison 175 N Halsted
725 W Randolph 1101 W Randolph 833 W Washington
832 W Randolph 1144 W Randolph 1101 W Jackson 123 N Randolph
Anthropologie Whole Foods CycleBar
Billy Reid Pilates Pro Works Ulta Beauty Mariano’s
Equinox Free People M2057 By Maria Pinto
Punch Bowl Social Art & Science Salon Target 100 S Morgan
311 N MorganAce Hotel
118 N JeffersonHampton Inn
725 W RandolphEquinox Hotel
108 N MayThe Publishing House
113 N May
10SOHO HOUSE CHICAGO113 NORTH GREEN STREET
HOTELSNOTABLE HOTELS
844 W Lake 113 N Green 854 W RandolphThe Hoxton Hotel Soho House Chicago Nobu Hotel Chicago
Hyatt Hotel118 N JeffersonHomewood Suites
733 W MadisonCrowne Plaza Hotel
11FULTON WEST1330 WEST FULTON MARKET
OFFICENOTABLE OFFICE TENANTS
Twitter Morton Salt Wework Zurich
Glassdoor Hyatt Skender Construction Motorolla
Pepsico Dyson DLA Piper
Hillshire Brands SRAM Gogo Inflight Internet
Boeing TransUnion Allstate SC Johnson
16,000 SF 52,000 SF 125,000 SF 108,000 SF
413,000 SF 40,000 SF 175,000 SF
51,000 SF 250,000 SF 40,000 SF 604,000 SF
230,000 SF 75,000 SF 263,000 SF
600,000 SF 246,000 SF 15,000 SF 280,000 SF
SVN Chicago Commercial 940 West Adams Street, 2nd Floor
Chicago, Illinois 60607
www.svnchicago.com
All SVN® Offices Independently Owned & Operated.
The information listed in this brochure has been obtained from sources we believe to be reliable, however we accept no
responsibility for its correctness.
Chad Schroedl312.756.7329 [email protected]
Scott Maesel312.676.1860 [email protected]