COAST RETAIL AT LAKESHORE EAST

Transcription

1 COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE CHICAGO, IL Wayne Caplan Senior Vice President Deena Zimmerman Vice President SVN CHICAGO COMMERCIAL 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL LEASE BROCHURE

2 Property Summary OFFERING SUMMARY Available SF: Lease Rate: Building Size: Market: Submarket: 2,500-17,535 SF $35.00 SF/yr (NNN) 17,535 SF Chicago Downtown - Lakeshore East PROPERTY OVERVIEW Approximately 17,535 square feet of retail on the ground floor of Coast, a high-end, 515 unit, 46 story luxury residential development located in the highly desirable Lakeshore East neighborhood of downtown Chicago. 15 ft high ceilings with window exposure facing Wacker Drive. Spaces are perfect for an amenity tenant to service the over 700 residents of the building as well as the surrounding 19,000 + other residents in the area such as a gym, daycare, restaurant, cafe etc. Adjacent to new GEMS World Academy School Campus boasting over 2100 students + staff & faculty as well as the 94 floor Vista/ Wanda tower which will house 406 condos, 192 hotel rooms & a 346 car parking garage. Immediate area retail tenants include Mariano's, The Palm Restaurant, Brownbag Seafood, Eggy's Diner, CVS Pharmacy just to mention a few. Nearby hotels include the Radisson, Hyatt Regency and the Swissotel. Restaurant capable space. Huge daytime population of nearly 200,000 people. Divisible to approx SF. LOCATION OVERVIEW Lakeshore East is a $4 billion, 28 acre mixed-use community which has been mastered planned with high end-luxury residential apartments and condos, retail and green space. It is centrally located downtown within walking distance to key destinations such as the Chicago Riverwalk, Lake Michigan, Maggie Daley Park, Navy Pier, Michigan Avenue and both Millennium and Grant Park. The community boasts some of the highest demographics in Chicago with additional high rises in the near term. COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 2

3 Property Highlights LEASE HIGHLIGHTS Approximately 17, 735 SF of retail space at Coast in Chicago's Lakeshore East neighborhood Ground floor of 515 luxury residential apartments Adjacent to 94 floor Wanda/Vista Tower with 406 condos, 192 hotel rooms & 346 car parking garage Adjacent to new Gems World Academy School campus with over 2100 students + faculty & staff Perfect for any retail, restaurant or service tenant use On-site parking garage Huge daytime population of over 197,000 people Incredible area demographics with average annual income over $140k & average home values over $600k Immediate area tenants include, Mariano's, Brownbag Seafood, CVS Pharmacy, The Palm Restaurant. COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 3

4 Regional Map Coast Retail at Lakeshore East COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 4

5 Location Maps COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 5

6 Aerial Highlight Map COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 6

7 Area/Retailer Aerial COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 7

8 Overall Retail Site Plan COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 8

9 Floor Plan 1 FLOOR PLAN Note: Portion of space shown in blue is leased through May 2020 COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 9

10 Additional Photos View of Coast adjacent to Vista Tower, GEMS Academy, Suissotel View north of Chicago River and Lakeshore Drive COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 10

11 Demographics Map POPULATION 0.5 MILES 1 MILE 1.5 MILES Total population 10,094 37,728 78,786 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES Total households 6,343 24,470 49,977 # of persons per HH Average HH income $141,431 $152,398 $134,760 Average house value $602,502 $587,246 $524,551 * Demographic data derived from 2010 US Census COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 11

12 Demographics Report 0.5 MILES 1 MILE 1.5 MILES Total population 10,094 37,728 78,786 Median age Median age (male) Median age (female) MILES 1 MILE 1.5 MILES Total households 6,343 24,470 49,977 Total persons per HH Average HH income $141,431 $152,398 $134,760 Average house value $602,502 $587,246 $524,551 * Demographic data derived from 2010 US Census COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 12

13 Advisor Bio & Contact 1 WAYNE CAPLAN Senior Vice President PROFESSIONAL BACKGROUND Wayne Caplan is a Senior Vice President for SVN Chicago Commercial, specializing in the sale and leasing of retail, investment and development properties. He has participated in commercial property transactions in excess of $1 Billion including many high profile transactions in the Chicago area. Wayne recently achieved SVN's prestigious Partner's Circle status for both 2014 & 2016, and was ranked number 23 & 26 respectively, among all SVN advisors nationally in gross commission volume. He also was awarded both a Platinium and Gold Commercial Real Estate Award from the Chicago Association of Realtors for excellence in sales and leasing volume for 2014 and a Platinum award in 2016 for retail sales volume. Wayne s clients range from small individual investors to large regional and national lending institutions, as well as REITs, life insurance companies, and national mixed-use developers. Additional Awards and Recognitions include being named Rookie of the Year for Inland Real Estate Sales in 2000, a top producer at Sheldon Good & Company for six years, and being among the top ten percent nationally of all SVN advisors in gross commission volume for the past nine years. Active in advocacy for the commercial real estate industry, Wayne has served as the Council Chair of Political and Regulatory Affairs for SVN. Wayne is a longtime member of the International 940 West Adams Street, Suite 200 Chicago, IL T wayne.caplan@svn.com Council of Shopping Centers (ICSC). He also served for many years on the Chicago Association of Realtors (CAR) Commercial Forum committee, of which he was the 2006 Committee Chair and has served on the prestigious Board of Directors of the 11,000+ member organization from Wayne has also served on the Commercial Committee for the Illinois Association of Realtors (IAR) and has served as a member of the National Association of Realtors (NAR) board of directors and on both it s Commercial and Commercial Legislative & Regulatory Committees. Wayne currently serves on the ICSC Government Relations Committee for Illinois. He is also active in several Chicago neighborhood groups, and serves on the Board of Directors for The Near South Planning Board in Chicago, and Beth Hillel Congregation Bnai Emunah in Wilmette. Wayne is a contributor to charities such as the American Red Cross, The Jewish United Fund and Streetwise. Wayne lives in Glenview, IL with his wife and two sons. Specialties: Investment Sales, Landlord Representation, Land and Development Consulting EDUCATION MBA - Finance & Real Estate - Northwestern University, Kellogg Graduate School of Management BA - Computer Science - New York University MEMBERSHIPS & AFFILIATIONS Present - Member - International Council of Shopping Centers (ICSC) Present - Member - National Association of Realtors (NAR) Present - Member - Illinois Association of Realtors (IAR) Present - Member - Chicago Association of Realtors (CAR) Present - Member - Psi Upsilon Fraternity - Delta Chapter - New York University Member - Beth Hillel Congregation Bnai Emunah - Wilmette, IL Member - Board of Directors - The Near South Planning Board, Chicago, IL COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 13

14 Advisor Bio & Contact 2 DEENA ZIMMERMAN Vice President PROFESSIONAL BACKGROUND Deena Zimmerman is an award-winning broker who has worked in the real estate industry since Serving as a vice president in the SVN Chicago office, Deena s focus is on tenant representation, specializing in finding high quality sites throughout Chicagoland and surrounding areas for national operators, franchisees, and first-time entrepreneurs. Deena also specializes in the sale and leasing of retail, investment and development properties. Deena brings a consistent, positive, upbeat attitude with an honest and straightforward approach to each and every assignment. Her skills in negotiating and her attention to detail have proven to be invaluable to all parties in a transaction. With extensive experience representing both landlords and tenants, she understands what it takes to get the transaction completed. Deena s commitment to her clients is unmatched, and she believes relationship building is key to her success, and that of her clients as well. 940 West Adams Street, Suite 200 Chicago, IL T dzimmerman@svn.com Deena has built an extensive network of contacts through her involvement in several local and national organizations. She was the 2017 Commercial Liaison for the National Association of Realtors and 2017 Chair of the Chicago Association of Realtors Commercial Forum. Deena is a member of the International Council of Shopping Centers, WIRL (Women in Retail Leasing) and CCIM. In 2012, 2013, 2015 and 2017, she was honored by Chicago Agent Magazine as one of 50 Chicago Powerhouses in their annual Who s Who issue and has been the only female commercial agent chosen. She has been honored two years in a row with the SVN Chicago Commercial Centurion Club Award for her achievements in sales/leasing. EDUCATION Deena is a graduate of the 2014 class of the National Association of Realtors Leadership Academy and she earned a Bachelor s degree in Psychology from The University of Minnesota in She spends her spare time participating in races to raise funds and awareness for Pancreatic Cancer research. MEMBERSHIPS & AFFILIATIONS Ely Chapter- Lambda Alpha International Concordia Place-Board member ICSC-Member Women s Council of Realtors-Chicago President , 2012 Member of the Year Mentor-Goldie Wolfe Miller Women Leaders In Real Estate Initiative 2011-present NAR-Commercial Liaison, Director, Finance Committee member NAR-Reserves Investment Advisory Board, 2014, Vice Chair NAR Leadership Academy 2014 graduate NAR Commercial Committee CAR-Director, Commercial Forum Chair COAST RETAIL AT LAKESHORE EAST 345 EAST WACKER DRIVE, CHICAGO, IL SVN Chicago Commercial Page 14