OFFICE SPACE FOR LEASE 401 S. STATE STREET€¦ · 4. property summary. building size: 479,522 sf...
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PAUL CAWTHON 312.676.1878 [email protected] ANGELO LABRIOLA 312.676.1870 [email protected] JAMES MEAD 312.676.1871 [email protected] DAVID MILLER 312.756.7355 [email protected] OFFICE SPACE FOR LEASE 401 S. STATE STREET CHICAGO COMMERCIAL
Transcript of OFFICE SPACE FOR LEASE 401 S. STATE STREET€¦ · 4. property summary. building size: 479,522 sf...
PAUL CAWTHON312.676.1878
ANGELO LABRIOLA312.676.1870
JAMES MEAD312.676.1871
DAVID MILLER312.756.7355
OFFICE SPACE FOR LEASE
401 S. STATE STREET
CHICAGO COMMERCIAL
ABOUT THE MARKET 2
COMPENSATION OVERVIEW
World Class location in Chicago’s Business District, 401 S State Street
has a Transit Score of 100 with immediate access to all CTA Rail Lines
and easy access to I-290, I-90/94 and Lake Shore Drive and is a
Walker’s paradise with a Walk Score of 98.
The location is just steps from the Historic Harold Washington Public
Library, Grant Park, Millennium Park, Chicago’s Lake Shore, Museum’s,
entertainment venues, shopping district, restaurants and Chicago’s
financial district.
Surrounded by world-class colleges and universities, the opportunity
to acquire a young talented work force is endless, apparent by
companies such as Chase, Aon, Boeing and Exelon that make Chicago
their corporate headquarters.
ABOUT THE MARKET
MEDIAN AGEAVERAGE INCOMEPER HOUSEHOLD
ESTIMATED POPULATION
ESTIMATEDDAYTIME
POPULATION
31.0 $122,330
18,325169,389*Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography
DEMOGRAPHIC SNAPSHOT(0.5 Mile)
THE LOOP MARKET DESCRIPTION
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401 SOUTH STATE STREET
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PROPERTY SUMMARY
BUILDING SIZE: 479,522 SFFLOOR SIZE: 53,280 SFSTORIES: EIGHT (8)ZONING: DX-16YEAR BUILT: 1892YEAR RENOVATED: 2014 & PRESENTSUB-MARKET: EAST LOOP
PROPERTY HIGHLIGHTS
TENANT BUILDING AMENITIES (COMING SOON):• TWO (2) CONFERENCE FACILITY AREAS• WI-FI LOUNGE• FITNESS AREA
BUILDING FEATURES:• ABUNDANT NATURAL LIGHT WITH LARGE WINDOWS & 16’
CEILING HEIGHT• POTENTIAL FOR SEPARATE STATE STREET ENTRANCE
FOR LARGE USER • 112,247 SF OF CONTIGUOUS SPACE AVAILABLE
IMMEDIATE ACCESS TO ALL CTA LINES (FIVE CTA STOPS WITHIN TWO BLOCKS), ONE BLOCK TO METRA’S LASALLE ST. STAION, AT DOORSTEP OF CONGRESS EXPRESWAY WHICH FEEDS EVERY MAJOR INTERSTATE HIGHWAY FROM CHICAGO.
STEPS TO ART INSTITUTE AND MILLENIUM PARK WITH CONCERT VENUE AND TWO ICE RINKS.
NUMEROUS RETAIL & RESTAURANTS IN THE IMMEDIATE PROXIMITY RANGING FROM HIGH-END MICHELIN STAR RATED VENUES TO QUICK-SERVICE RESTAURANTS TO TRENDY FOOD HALLS.
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AVAILABLE SPACES UP TO 112,247 SF
AVAILABLE SPACES | UP TO 112,247 SF
4th Floor
6th Floor
5th Floor
TOTAL AVAILABLE SPACE: Up to 112,247 SF Contiguous
8,247 SF (Amenities)22,355 SF
1,349 SF (Expansion)25,528 SF
54,768 SF Full Floor(Divisible to 20,000 SF)
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FLOOR PLANSUP TO 112,247 SF
FLOOR PLANS | UP TO 112,247 SF
4th Floor 6th Floor
25,528 SF22,355 SF
5th Floor
FULL FLOOR SUITE: 54,768 SFDivisible to 20,000 SF (+/-)
OPTION1
OPTION2
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MATTERPORT VIRTUAL TOUR LINKS
MATTERPORT VIRTUAL TOUR LINKS
VIEW 5TH FLOOR VIRTUAL TOUR VIEW 7TH FLOOR VIRTUAL TOUR
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EXTERIOR PHOTOS
EXTERIOR PHOTOS
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INTERIORBUILDING PHOTOS
INTERIOR BUILDING PHOTOS
7th FL
7th FL
7th FL
7th FL 7th FL
7th FL
5th FL
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MAJOR RENOVATIONS COMPLETED
RECENTLY COMPLETED UPDATES
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FUTURE AMENITIESPLAN
FUTURE AMENITIES
NEIGHBORHOODRETAIL AERIAL
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LaSalle StreetStation
BIRDS EYE AERIAL 13
CONGRESS PKWY
STATE ST
Libary-State- Van Buren Station
Brown LinePurple LinePink Line
Orange Line
Revival Food Hall125 S Clark
Ryo Sushi62 E Madison
HERO Coffee Bar439 S Dearborn
111 Forks180 N Field
Seven Lions130 S Michigan
Union League Club65 W Jackson
Italian Village71 W Monroe
Tesori65 E Adams
Everest425 S Financial Pl
Cherry Circle Room12 S Michigan
Garrett Popcorn27 W Jackson
The Gage24 S Michigan
Morton’s65 E Wacker
Terzo Piano159 E Monroe
Tavern At The Park130 E Randolph
The Berghoff17 W Adams
RESTAURANTSNOTABLE RESTAURANT TENANTS
THE GAGE
Target1 S State
Saks OFF 5th6 S State
Forever 2110 S State
Urban Outfitters20 S State
DSW35 S State
AKIRA122 S State
Aldo107 S State
Foot Locker219 S State
H & M 22 N State
Nordstrom Rack24 N State
Disney108 N State (Block 37)
Anthropologie108 N State (Block 37)
Zara108 N State (Block 37)
Macys111 N State
Old Navy150 N State
Barnes & Noble1 E Jackson
RETAILNOTABLE RETAIL TENANTS
MACY’S14
OFFICENOTABLE OFFICE TENANTS
HOTELNOTABLE HOTELS
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CROWN FOUNTAIN
THE VIRGIN HOTEL
KPMG265,000 SF
Baker & McKenzie HQ237,000 SF
Integrys Energy Services HQ180,000 SF
Kraft Heinz Foods170,000 SF
Edelman HQ156,000 SF
Bankers Life and Casualty139,000 SF
McKinsey & Company107,000 SF
Combined Insurance104,000 SF
Wilson Sporting Goods79,000 SF
The Alise Chicago1 W Washington
Hampton Inn Majestic22 W Monroe
Cambria Hotel32 W Randolph
theWit201 N State
Silversmith10 S Wabash
Virgin Hotel203 N Wabash
Kimpton Hotel225 N Wabash
Stay Alfred63 E Lake
The Congress Plaza520 S Michigan
Palmer House17 E Monroe
Aon Corporations HQ435,000 SF
Northern Trust (Sept. ‘20)405,000 SF
Walgreens HQ200,000 SF
MEET THE TEAM 16
MEET THE
TEAM
PAUL CAWTHONVICE PRESIDENT
ANGELO LABRIOLAVICE PRESIDENT
JAMES MEADSENIOR ADVISOR
DAVID MILLERASSOCIATE ADVISOR
PAUL CAWTHON312.676.1878
[email protected] COMMERCIAL
ANGELO LABRIOLA312.676.1870
JAMES MEAD312.676.1871
DAVID MILLER312.756.7355
The material contained in this Offering Memorandum is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the Sperry Van Ness® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the Sperry Van Ness Advisor listed in this Offering Memorandum, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Memorandum. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the Sperry Van Ness Advisor.
Neither the Sperry Van Ness Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Memorandum may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the Sperry Van Ness Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Memorandum, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the Sperry Van Ness Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Memorandum are advised and encouraged to conduct their own comprehensive review and analysis of the Property.
This Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the Sperry Van Ness Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.
DISCLAIMER
