Retail Midwest

NGKF to lease new 118,568-square-foot retail development in South Loop

NEC-Taylor-and-Jefferson-rendering

Newmark Grubb Knight Frank (NGKF) has been appointed the exclusive leasing agent for NEC Taylor & Jefferson, a 118,568-square-foot, eight-story, retail development within the Roosevelt/Taylor retail corridor in the South Loop of Chicago.

Newmark Grubb Knight Frank (NGKF) has been appointed the exclusive leasing agent for NEC Taylor & Jefferson, a 118,568-square-foot, eight-story, retail development within the Roosevelt/Taylor retail corridor in the South Loop of Chicago.

Set for completion in spring 2017, NEC Taylor & Jefferson will feature four floors of retail space, 209 on-site parking spaces, 20’ ceilings and elevated exposure for tenants with pylon signage.

Once complete, the development will offer 118,568 square feet of prime retail space and provide unique floor plans to allow for big box tenants.

Located at the intersection of Taylor and Jefferson Streets in the heart of the South Loop, NEC Taylor & Jefferson will offer tremendous visibility from the I-90/94 expressway, be within walking distance to the Clinton and Halsted Blue Line CTA stops and within minutes of the University of Illinois at Chicago.

The trade area for the South Loop covers a large market including Bridgeport, China Town, the West Loop, River West and Hyde Park. The area also offers one of the largest concentrations of college students in the country from nearby campuses of DePaul University, Columbia College, Roosevelt University, University of Illinois at Chicago as well as Robert Morris College.

NGKF was hired by the owner, JayTee, LCC, to market and pre-lease the highly-anticipated property.

NGKF’s Senior Managing Directors James Schutter and Terry Alexa will lead the brokerage team assigned to lease the new development.