Retail

Marina City Retail - Better Together

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

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1963
Building Area
Occupancy 98.0 %

Asset 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

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Last Updated Date: 26 Mar 2020

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