REI signs lease for 40K sf flagship store along Chicago River

Chicago /
Apr.April 27, 2018 10:00 AM
1422 North Kingsbury Street

1422 North Kingsbury Street (Credit: Google Maps)

REI leased a 40,000-square-foot building along the North Branch of the Chicago River.

The Washington-based outdoors apparel chain inked the 15-year deal for 1422 North Kingsbury Street with a joint venture of Chicago-based R2 and Goldman Sachs, according to Crain’s.

R2 and Goldman Sachs bought the property for $6.7 million in 2015.

REI is moving to the building from its current 32,000-square-foot store at Halsted and Blackhawk streets. The chain also has suburban stores in Northbrook and Oakbrook Terrace, and it recently leased space along the Des Plaines River in Vernon Hills. [Crain’s]John O’Brien


Related Articles

arrow_forward_ios
Fritz Kaegi

Higher tax bills cometh for commercial landlords in south, west suburbs

Higher tax bills cometh for commercial landlords in south, west suburbs
Liberty Mutual at 27201 Bella Vista in Warrenville (Google Maps)

Chicago’s Q3 suburban office market hits highest vacancy in decade

Chicago’s Q3 suburban office market hits highest vacancy in decade
Mayor Lori Lightfoot (Getty, iStock)

Lightfoot to propose $94M property tax hike

Lightfoot to propose $94M property tax hike
66 Orland Square with GW Properties CEO Mitch Goltz and BlitzLake Partners CEO David Blitz (Google Maps)

Facing foreclosure, GW Properties hands over Orland Park shopping center

Facing foreclosure, GW Properties hands over Orland Park shopping center
Mayor Lori Lightfoot and a restaurant in downtown Chicago (Getty)

Chicago to ease capacity limits, open bars

Chicago to ease capacity limits, open bars
Brian Whiting, CEO of Telos Group, and the Old Post Office (Credit: Google Maps)

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world
Cars.com CEO Alex Vetter and the building (Credit: Google Maps)

Cars.com wants to shrink its space at West Loop HQ

Cars.com wants to shrink its space at West Loop HQ
Thor Equities’ Joseph Sitt and Palmer House Hilton at 17 East Monroe Street (Google Maps)

Thor’s Palmer House hit with $300M+ foreclosure suit

Thor’s Palmer House hit with $300M+ foreclosure suit
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...