Retail

Marina City Retail - Better Together

333 N Dearborn Street Chicago, Illinois United States 60654
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1963
Building Area
Occupancy 98.0 %

Property Description

The property consists of 146,697 square feet of retail bounded by the Chicago River to the south, North State Street to east, and North Dearborn Street to the west as well as 2, 450-story parking garages that make up the first 19 stories of each 60-story “corn-cob” condominium building.

Investment Highlights

  • Jones Lang Lasalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire The Retail and Parking at Marina City (the “Property” or the “Offering”), including 145,697 square feet of dining, entertainment, and experiential retail overlooking the Chicago River in the vibrant mixed-use River North neighborhood. The Property is located at the base of one of the nation’s most architecturally significant developments, Marina City. This value-add offering allows investors to enhance in-place revenue through re-merchandising opportunities,
  • growing the current below market rents, and the potential to convert modified leases to triple net.
Last Updated Date: 26 Mar 2020
Amy Sands
Amy Sands
Managing Director, Capital Markets
License details
IL-475.138622
Clinton Mitchell
Clinton Mitchell
Managing Director, Capital Markets
License details
IL-475.160470 NE-20150925

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Last Updated Date: 26 Mar 2020

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