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Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.
The building has 470 total parking spaces, approximately 30,000 square feet (2,800 m 2) of amenity space, and 32,000 square feet (3,000 m 2) of retail space. [1] The tower was built on Wacker Drive , between LaSalle Street and Clark Street, where a parking lot had been.
This is a list of shopping malls in the United States and its territories that have at least 2,000,000 total square feet (190,000 m 2) of retail space (gross leasable area). The list is based on the latest self-reported figures from the mall management websites, which are also reported on each mall's individual wiki page.
[5] [6] Later that month, the building was declared an official Chicago landmark, [7] amended in 2009. [8] In August 2014, KHP Capital Partners announced it purchased the structure and would convert it to a 293-room Kimpton hotel that will include a rooftop restaurant, meeting rooms, and retail space. The hotel, officially named The Kimpton ...
The Merchandise Mart (or the Merch Mart, or the Mart) is a commercial building in downtown Chicago, Illinois.When it opened in 1930, it was the world's largest building, with 4 million square feet (372,000 m 2) of floor space.
The University's 20-year master lease includes the retail space. [11] The University is not selling the residential development rights. [8] On July 25, the city of Chicago approved the sale of the current structure (and not the phase 2 residential construction) to CLAL Insurance Company for $112 million. [13] [14] [15]