RESTAURANT FITNESS OFFICE, CHICAGO 60606 > $25 PSF MOD GROSS
RESTAURANT FITNESS OFFICE LEASE OVERVIEW LEASE PRICE: MAIN LEVEL SIZE: MEZZ SIZE: CEILING HEIGHT: ZONING: MARKET: CROSS STREETS: $25 SF/yr Mod Gross 13,800 SF 5,600 SF 12 FT to 20 FT DX-7 Chicago West Loop Randolph & Canal AREA HIGHLIGHTS 500,000 Daytime Employees within 1 mile Sits on Randolph's Restaurant Row Proximity to World Renowned Restaurants Center of Massive Development Area Rapidly Surging Density 80,000 Residential Population $143,071 Average Income City-wide Access to Chicago's 3 Most Desired Sub Markets - Loop, West Loop & River North AREA TENANTS UBER gogo SAP Fieldglass Avec Au Cheval Twitter Boeing HERE Chicago Gibson's Italia Blackbird TRANSPORTATION HIGHLIGHTS Across from Ogilvie Metra Entrance 106,000 Daily Commuters 2 Blocks to Chicago Union Station 2 Blocks to CTA L at Clinton or Washington 30,000 Cars a day Traffic Randolph at Canal PROPERTY DESCRIPTION Premier two-level, 19,400 sf restaurant space located in the Daniel Burnham-designed 341-unit condo building now known as Randolph Place. An Ideal candidate for a first-class service restaurant, brewery, or casual dining venue. This prominent site sits in the doorway of the ever-burgeoning West Loop/Fulton Market submarket. Home to a world-renowned restaurant culture, and the Midwest's epicenter of global technology and corporate innovation. It's Randolph address, between Wacker Drive and the West Loop offers outstanding visibility and branding opportunity. Positioned on the cusp of Chicago's three prime neighborhoods: The Loop, West Loop, and River North providing unmatched city-wide access to business, hospitality, cultural, and residential amenities. 440 W Randolph is parked comfortably at the core of unprecedented development and density upsurge; with about 7 million SF in office development alone. Steps from a roster of new high profile developments including 150 N Riverside, River Point, and Wolf Point West, South and East. PROPERTY HIGHLIGHTS Existing Black Iron/Kitchen infrastructure Existing Bathrooms and HVAC ready for Restaurant or Fitness Tenant Allowances & Incentives Available Onsite valet parking Public Self Park Across the Street JAMESONCOMMERCIAL.COM
FIRST FLOOR 13,800 SF
MEZZANINE - 5,600 SF
ADDITIONAL PHOTOS
FLOOR PLANS FLOOR PLAN
AERIAL & STREET DETAIL
DEMOGRAPHICS MAP 2010 STATISTICS 0.25 Miles 0.5 Miles 1 Mile Total Population 2,724 11,130 43,710 Total Number of Households 1,758 7,121 25,990 Average Household Income $116,835 $119,076 $124,227 Median Age 31.7 31.6 32.5
DAYTIME DEMOGRAPHICS
DEMOGRAPHICS REPORT DEMOGRAPHICS 0.25 Miles 0.5 Miles 1 Mile TOTAL POPULATION 2,724 11,130 43,710 MEDIAN AGE 31.7 31.6 32.5 MEDIAN AGE (MALE) 32.3 32.0 33.1 MEDIAN AGE (FEMALE) 31.4 31.6 32.0 TOTAL HOUSEHOLDS 0.25 Miles 0.5 Miles 1 Mile TOTAL HOUSEHOLDS 1,758 7,121 25,990 # OF PERSONS PER HH 1.5 1.6 1.7 AVERAGE HH INCOME $116,835 $119,076 $124,227 AVERAGE HOUSE VALUE $483,860 $479,954 $458,360 POPULATION 0.25 Miles 0.5 Miles 1 Mile TOTAL POPULATION - White 2,120 8,063 30,728 TOTAL POPULATION - Black 116 734 4,655 TOTAL POPULATION - Hispanic 157 482 2,357 TOTAL POPULATION - Asian 411 1,930 6,085 TOTAL POPULATION - Hawaiian 0 0 0 TOTAL POPULATION - Indian 0 0 91 TOTAL POPULATION - Other 27 165 1,167
HUNTER CANNON A restaurant + hospitality-focused real estate broker and business intermediary, specializing in Retail Lease & Sale transactions. Hunter draws on his market knowledge, and more than 17 years of experience as owner-operator of multiple hospitality focused businesses. He s had extensive exposure to every aspect of a restaurant, bar and nightclub's development, and has acquired a broad understanding of business practices and a nuanced grasp of what drives the restaurant industry s major participants. (O) 773.220.4821 (C) 773.220.4821 hcannon@jameson.com His strengths stem from his creativity and a wealth of enterprise development & management expertise. As a broker and operator, he has demonstrated exceptional negotiation skills and proficiencies in financial analysis, investment strategy, capital stack structures, acquisitions and divestitures, asset sale and procurement, liquor and amusement licensing, zoning, permitting, and business valuations. He has frequently interfaced with area aldermen, community leaders, neighborhood organizations, and city/state licensing officials. And has partnered extensively with brokers, engineers, architects, attorneys, and contractors. In addition, he has liaised with the building department to secure permits, acquisition space, and expedite construction. Before launching his career in commercial real estate, Hunter was a full member of the CBOT and had a career as a statistical arbitrage trader for the Wagner, Stott, Bear Specialists division of Bear Stearns. At the same time, he owned, developed and sold venues like Hye Bar, Faith & Whiskey, Tattoo, Bon V, and The Arrogant Frog. As well as marketing/management companies Ballingarry Mgmt. And Zook Chicago. Having navigated numerous market highs and lows from the 1990s through 2014, he has a unique perspective and a clear understanding of what s at stake for deal participants. As both a Licensed Commercial Realtor and Registered Business Broker, Hunter actively seeks out opportunities for his clients and utilizes his relevant experience to help create sound strategies for marketing properties, while cultivating a network of buyers. Hunter is a member of the International Council of Shopping Centers (ICSC), Midwest Business Brokers and Intermediaries (MBBI), and the International Business Brokers Association (IBBA). Hunter is a member of the International Council of Shopping Centers (ICSC), Midwest Business Brokers and Intermediaries (MBBI), and the International Business Brokers Association (IBBA). JAMESONCOMMERCIAL.COM
CHRIS IRWIN As a retail sales and leasing specialist, Chris Irwin has brought his extraordinary experience and talent to Jameson Commercial clients. Chris s team had the most Retail transactions in Chicago over the past 10+ years. With more than 15 years experience, Chris has completed more than 300+ Retail Lease & Sale transactions throughout Chicago. Prior to joining Jameson Commercial Real Estate, Chris Irwin served as a Managing Director for Sperry Van Ness Chicago. Previously, Chris worked with Sussex & Reilly and SR Commercial in Chicago. In 2002, Chris signed on to Sean Conlon s Sussex & Reilly as the firm's first sales associate and went on to help form the firm s Commercial Division. Chris is a member of the International Council of Shopping Centers (ICSC) and NEXT GENERATION; ICSC's educational, networking and mentoring program for retail real estate professionals seeking to develop their careers and build relationships within the shopping center industry. Chris also serves on the Chicago Association of Realtors Commercial Forum Committee, the Lake View Chamber of Commerce Advocacy & Planning Committee as well as Advocate Illinois Masonic Hospital s Development Council Board. Before his time in commercial real estate, Chris was a Midwest Regional Sales & Marketing Manager for nationally companies Brach Candy Co., Gardenburger Inc., Dannon and Ernest & Julio Gallo Wines. Chris earned bachelor s degree from Indiana University. 2011 Awards - Chicago Assoc. of Realtors Gold Award / Retail Units Leased - Jameson Commercial / Top Retail Producer (O) 312.335.3219 Chris.Irwin@Jameson.com 2012 Awards - Chicago Assoc. of Realtors Gold Award / Retail Transactions - Jameson Commercial / Most Transactions 2013 Awards - Chicago Assoc. of Realtors Platinum / Retail Gross Lease SF - Chicago Assoc. of Realtors Platinum / Retail Units Sold - Chicago Assoc. of Realtors Gold / Retail Units Leased - Jameson Commercial / Most Transactions 2014 Awards - Chicago Assoc. of Realtors Platinum Award / Retail Gross Lease SF - Chicago Assoc. of Realtors Silver Award / Retail Sale Units - Chicago Assoc. of Realtors Silver Award / Retail Lease Units - Chicago Commercial Real Estate Award s / Finalist for Retail Broker of the Year - Jameson Commercial / Most Transactions 2015 Awards - Chicago Assoc. of Realtors Gold Award / Retail Units Sold - Jameson Commercial / Top Five Total Volume 2016 Awards - Chicago Assoc. of Realtors Silver Award / Retail Gross Lease SF - Chicago Assoc. of Realtors Silver Award / Retail Sales Volume - Jameson Commercial / Division s Top Volume Producer 2017 Award - Crain s Most Influential Commercial Real Estate Brokers in Chicago JAMESONCOMMERCIAL.COM