Retail Midwest

Mixed-use Fulton Market development to get facelift and new office tenants

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The property, located a half block east of Google’s new office site at 1K Fulton, is currently being redeveloped for mixed office and retail use, and will feature approximately 25,000 square feet of office on the second and third floors, a 6,000 square foot rooftop terrace, and 12,500 square feet of ground floor retail space.

MB Real Estate Services Inc. has been selected for the office leasing assignment of 939 W. Fulton Market in Chicago’s Fulton Market.

The property, located a half block east of Google’s new office site at 1K Fulton, is currently being redeveloped for mixed office and retail use, and will feature approximately 25,000 square feet of office on the second and third floors, a 6,000 square foot rooftop terrace, and 12,500 square feet of ground floor retail space. Redevelopment completion is scheduled for fourth quarter 2017.

“This is a rare opportunity for a tenant or tenants to have such highly visible office space in Chicago’s most dynamic and rapidly expanding area – Fulton Market,” said Mark Buth, EVP and managing director of Leasing Services for MBRE. “There’s no shortage of interest in and migration to River West, evidenced by McDonald’s recent commitment. Right now demand is ahead of supply.”

Joining Mark Buth, EVP and managing director of Leasing Services for MBRE, in representing ownership is Denny McGann and Kelsey Scheive, vice presidents of Leasing Services. Redevelopment architectural services are provided by Hartshorne Plunkard Architecture.

New York-based Madison Capital and Washington, DC-based ASB Real Estate Investments are the owners. In addition to 939 W. Fulton Market, the partnership also owns 936 W. Fulton Market along with 312 & 328 N. Carpenter St.