Fulton East snags second tenant, leasing 11,000 sf to flooring company

Tarkett to relocate from 9,000 sf showroom to year-old Fulton Market building

Chicago /
Oct.October 07, 2021 03:27 PM
Tarkett CEO Fabrice Barthélemy and Fulton East (Tarkett, Fulton East)

Tarkett CEO Fabrice Barthélemy and Fulton East (Tarkett, Fulton East)

A flooring company signed a lease for about 10 percent of Fulton East, six months after the 90,000-square-foot building welcomed its first tenant to a Chicago neighborhood developing so quickly that it may need its own commuter rail station.

Tarkett, which traces its roots back to 1880, will occupy the 10th floor of 215 North Peoria Street taking up about 11,000 square feet, according to a news release from developer Parkside Realty. It will relocate from a 9,000-square-foot showroom at 222 West Merchandise Mart Plaza.

The Fulton Market location will help make “greater connections with the broader interior design community,” Chris Johnson, Tarkett’s vice president of commercial sales, said in the release.

While the area’s office vacancy rate reached 25.5 percent in the third quarter, a touch above the downtown average, the figure also reflects the pace of development: More than 40 Fulton Market projects are under way. Big companies that already have offices there include McDonald’s, Google, Kimberly Clark and Tock.

Fulton East is a 12-story building with space for showrooms, offices and retail stores. Its first tenant, asset management firm Calamos Investments, signed a multi-year lease in April for the top two floors. About two-thirds of the building, completed in November 2020, remains vacant.





    Related Articles

    arrow_forward_ios
    Brixmor's James M. Taylor Jr. and Westridge Court (Brixmore, Getty)
    Brixmor request to tax Naperville shoppers advances
    Brixmor request to tax Naperville shoppers advances
    Eversheds Sutherland' Marc Benjamin with  The Franklin (Eversheds Sutherland, The Franklin)
    Eversheds Sutherland locks in Central Loop lease
    Eversheds Sutherland locks in Central Loop lease
    1449 Jericho Circle and Aurora Housing Authority chairman Joseph Grisson III (Aurora Housing Authority, Facebook/Joe Grisson for WA SD129 School Board, Getty)
    Aurora Housing Authority, Northern Lights OK’d for senior housing plan
    Aurora Housing Authority, Northern Lights OK’d for senior housing plan
    Fred Latsko and 375 North Morgan Street (LinkedIn)
    Latsko offers first look at Fulton Market resi tower on Guinness taproom site
    Latsko offers first look at Fulton Market resi tower on Guinness taproom site
    Fortem Voluntas Partners' Joy Jordan and 415 N. Sangamon (Google Maps, LinkedIn, Getty)
    Emerging developer files for Fulton Market high rise
    Emerging developer files for Fulton Market high rise
    151 N. Michigan in Chicago (Lamar Johnson Collaborative, Getty)
    BJB Partners gets OK for demolition near Millennium Park
    BJB Partners gets OK for demolition near Millennium Park
    RPT Realty's Brian Harper and LBX Investment's Robert Levy with 940 E Rand Rd, Mt Prospect, IL (RPT Realty, LBX Investment, Google Maps)
    Harper’s RPT scores win on Chicago-area retail sale
    Harper’s RPT scores win on Chicago-area retail sale
    From left: C.Rain Productions' Rickey Rainbow, Creek Lane Capital's Daniel Walsh and Matthew Walsh, Murphy Real Estate Services' John T. Murphy, and 318 North Carpenter (Murphy Real Estate Services, LinkedIn/Rickey Rainbow, Creek Lane Capital, Getty Images)
    Chicago jazz club BackRoom revived in Fulton Market
    Chicago jazz club BackRoom revived in Fulton Market
    arrow_forward_ios

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

    Loading...