Australian retailer Ksubi to open 2,500sf store in Chicago’s Gold Coast

Store will be retailer’s third in US

Chicago /
May.May 02, 2022 01:14 PM
Ksubi comes to 58 East Walton Street (Loopnet, Ksubi.au)

Ksubi comes to 58 East Walton Street (Loopnet, Ksubi.au)

International clothing brand Ksubi is coming to Chicago.

The Sydney, Australia-based retailer signed a five-year lease for 4,600 square feet across two floors at 58 East Walton Street in the Gold Coast, the Chicago Business Journal reported. JLL’s Peter Caruso, who represented owner Peter Burdi in the deal, cited its location in an affluent residential area.

“Annually, over $89 million is spent on apparel and services within a half-mile of 58 East Walton, thus making it an ideal location for in-demand retailers,” Caruso said.

Retail is coming back in Chicago after the pandemic. In an interview with the Business Journal, Mid-America Real Estate Group Principal Richard Spinell said leasing is picking up generally and rents are returning to pre-pandemic rates. The lack of any new retail development in 2021 has allowed the market to stabilize, Spinell said.

Ksubi will occupy almost 2,500 square feet on the ground floor and an additional 2,100 square feet on the lower level. The building is located between Rush Street and the Magnificent Mile.

Ksubi’s other U.S. locations are at 132 South La Brea Avenue in Los Angeles and at 26 Greene Street in New York City.

Down the street from Ksubi’s newest location, Canadian rapper Drake opened a 1,200-square-foot store for his streetwear brand October’s Very Own — or OVO — in the condo tower at 9 West Walton Street.


[CBJ] — Victoria Pruitt





    Related Articles

    arrow_forward_ios
    Celine's Séverine Merle's with  939 North Rush Street (Google Maps, ESSEC Alumni)
    French boutique Celine coming to Chicago’s “ultra-expensive” shopping district
    French boutique Celine coming to Chicago’s “ultra-expensive” shopping district
    Kohl's ceo Michelle Gass, Hubbard Street Group’s John McLinden and 1293 East Higgins Road, Schaumburg, IL (Loopnet, Kohl's, Hubbard Street Group)
    McLinden’s Hubbard Street lands Kohl’s for suburban Chicago store
    McLinden’s Hubbard Street lands Kohl’s for suburban Chicago store
    Belgravia Group's chairman Alan D. Lev and 1319 East Golf Road in Schaumburg (Belgravia Group, Google Maps, iStock)
    Belgravia cashes out of Chicago PGA store with $19M pandemic flip
    Belgravia cashes out of Chicago PGA store with $19M pandemic flip
    1318 North Astor Street, Chicago (Redfin)
    Gold Coast greystone built in 1889 listed for almost $4M
    Gold Coast greystone built in 1889 listed for almost $4M
    Sumit Roy with1340 Patriot Blvd and 1625 South Clark St (Google Maps, Loopnet,  Realty Income)
    Grocery frenzy still alive in Chicago with $70M of sales
    Grocery frenzy still alive in Chicago with $70M of sales
    A photo illustration of 840 North Michigan Avenue in Chicago's Magnificent Mile (Acadia Realty Trust, iStock)
    Acadia Realty at risk of another Mag Mile loss as H&M probes market
    Acadia Realty at risk of another Mag Mile loss as H&M probes market
    AEW's Jeff Furber with Oak Lawn Commons (AEW, Hubbard Street Group)
    Hubbard Street exits suburban Chicago retail turnaround with $76M sale
    Hubbard Street exits suburban Chicago retail turnaround with $76M sale
    (L-R)1258 Lake Shore Drive in Chicago and the Palace Contarini Fasan in Venice (Google Maps, Wikipedia)
    Replica of Venetian palace on Chicago’s Gold Coast lists for $4.5M
    Replica of Venetian palace on Chicago’s Gold Coast lists for $4.5M
    arrow_forward_ios

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

    Loading...