Knoll, BlackEdge Capital sign leases in Shapack building in Fulton Market

The two firms will take up a big chunk of the 70K sf complex built on spec
May 02, 2018 05:00PM

811 West Fulton Street (Credit: Shapack)

Furniture-maker Knoll and trading firm BlackEdge Capital have inked leases in a Fulton Market building constructed on spec by Shapack Partners.

Knoll will anchor the seven-story, 70,000-square-foot office building at 811 West Fulton Street, according to Crain’s.

The East Greenville, Pa.-based company will move early next year to about 24,000 square feet on the top three floors at the building from the Merchandise Mart. The deal includes Knoll signage on the exterior of the building.

BlackEdge will move to the building’s fourth floor later this year from 801 West Adams Street in the West Loop, said managing partner Josh Mateffy, according to the report.

Mateffy told Crain’s his firm considered spaces in more traditional high-rises such as Willis Tower, but wanted Fulton Market’s “edgy vibe.”

A Shapack venture paid $2.6 million for the parking lot at 811 West Fulton in 2014 and secured a $20 million construction loan for the building from CIBC Bank, Cook County property records show.

Still to be leased at the building is 7,500 square feet of retail on the ground floor, as well as the office space on its second and third floors and a portion of the fifth.

Savills Studley brokers Robert Sevim, John Goodman and Renae Bradshaw represented Knoll in its deal, while Cushman & Wakefield’s James Stein represented BlackEdge. Paige Hennessy of Shapack Partners represented the landlord. [Crain’s] — John O’Brien