|Last Updated Date||12 Feb 2020|
The property consists of 146,697 square feet of retail bounded by the Chicago River to the south, North State Street to east, and North Dearborn Street to the west as well as 2, 450-story parking garages that make up the first 19 stories of each 60-story “corn-cob” condominium building.
- Jones Lang Lasalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire The Retail and Parking at Marina City (the “Property” or the “Offering”), including 145,697 square feet of dining, entertainment, and experiential retail overlooking the Chicago River in the vibrant mixed-use River North neighborhood. The Property is located at the base of one of the nation’s most architecturally significant developments, Marina City. This value-add offering allows investors to enhance in-place revenue through re-merchandising opportunities,
- growing the current below market rents, and the potential to convert modified leases to triple net.