Marshalls will shutter 2 South Side stores
Discount retailer Marshalls is closing a pair of stores on the South Side, including one in a Morgan Park shopping center that’s already losing its anchor store, Target. In addition to that Marshalls at 11620 South Marshfield Avenue in the Marshfield Plaza in Morgan Park, the subsidiary of TJX Companies is closing the store at 1422 West 47th Street in Back of the Yards. [Chicago Sun-Times]
Downtown office vacancies hold steady
The Downtown office vacancy rate essentially held steady, creeping up a tenth of a percentage point from the third quarter to the fourth quarter. It ended 2018 at 13.4 percent, according to CBRE. The rate stood at 13.2 percent when the year started. Landlords have been able to keep vacancy rates virtually unchanged despite a rush of new supply thanks to employers’ continued demand for Downtown offices in order to attract talent. [Crain’s]
Trade group moving offices, expanding space Downtown
The American Association of Diabetes Educators is increasing its footprint to 18,500 square feet when it moves to a full floor of 125 South Wacker Drive in January 2020. The association now takes 17,000 square feet at 200 West Madison Street. Its new home is in a 31-story, 566,000-square-foot office tower that recently underwent a number of renovations. [REJournals]
Former Sox manager Ventura selling condo
Former White Sox manager Robin Ventura is listing his Randolph Street condo for $1.5 million. Ventura and his wife, Stephanie, bought the two-bedroom unit overlooking Millennium Park in April 2014 for $1.1 million, according to county records. The longtime star player for the Sox served as the team’s skipper from 2011 to 2016. [Crain’s]