A 7,660 SF FLAGSHIP RETAIL SPACE for LEASE at 940 NORTH MICHIGAN AVENUE, CHICAGO, ILLINOIS 7,660 SF Flagship RETAIL SPACE for LEASE
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1 A 7,660 SF FLAGSHIP RETAIL SPACE FOR LEASE AT 940 NORTH MICHIGAN AVENUE, CHICAGO, ILLINOIS 7,660 SF flagship RETAIL SPACE FOR LEASE orth Michigan Avenue is one of the most prestigious retail streets in the world and is often compared to New York’s Fifth Avenue, San Francisco’s Union Square, London’s Bond Street, Beverly Hills’ Rodeo Drive, Paris’ Champs Elysees and N Tokyo’s Ginza. Home to Chicago’s most famous shopping experience and popular tourist destination, North Michigan Avenue’s eight blocks contain retail, world-class hotels, regional malls and restaurants. Known as The Magnificent Mile, this mixed-use retail and entertainment corridor extends from the Chicago River north to Oak Street. 940 North Michigan Avenue lies on the northern portion of the Magnificent Mile, along the eastern edge of the Gold Coast. This proximity provides further consumer exposure as the area attracts the world of elite fashion, decadent dining and nightlife. The high luxury presence in The Gold Coast has created a reputation implicitly associated with haute couture. The combination of upscale boutiques, world-class hotels, universally known brands and large department stores creates the unique synergy of the North Michigan Avenue 940 shopping district. north michigan avenue Anchoring the corner of Michigan Avenue and Walton Street and sharing the intersection with the following Chicago Flagships: 2 Artist’s conceptual conceptual rendering rendering 4 5 H ±19 ' FRONT AGE GROUND | 7,660 SF ±6 1 .5 ' ±128" (10'-8") CEILING HEIGHT TO UNDERSIDE OF SLAB MICHIGAN A VENUE FRON T AGE ±61' WALTON STREET FRONTAGE TOTAL | 11,728 SF NORTH S C A L E : 1 / 1 6 " = 1 ' - 0 " 0 5' 10' 20' 940 North Michigan Avenue FLOOR Ground Floor 7,660 Square Feet plans April 2013 MEZZANINE | 4,068 SF OPEN TO GROUND FLOOR 20’8” CEILING HEIGHT NORTH 6 7 S C A L E : 1 / 1 6 " = 1 ' - 0 " 0 5' 10' 20' 940 North Michigan Avenue Mezzanine 6,004 Square Feet April 2013 Carmine’s Dublin Bar Tavern on Rush Original & Grill Pancake Morton’s Luxbar House Steakhouse BELLEVUE PL Gibson’s Thompson Hotel Esquire Theatre Connie’s Pizza Nico Osteria Ted Baker Lake Shore David Condos Jellyfish Yurman Buccellati Carolina Scoop Piazza Christian Louboutin Herrera Hugo’s Sandro Paul The Frye Sempione Del Frisco’s Dolce & Stuart NOTABLE Frog Bar Company Calypso Y-3 Gabanna maje Geneva Seal Lanvin Starbucks Jil Kate Tom Fig & Zadig & Oak Bank Prada MAC Sander Spade Ford Olive Furla Vince Voltaire Lewitt CO-TENANTS OAK ST E LAKE SHORE DR Citi Barneys Hermés Emporio Tory Harry Luxury Bebe Tod’s Optica New York Armani Burch Winston Baby & Vera Moncler Jack Escada Child Spiaggia Chanel Wang Alexis Fred’s Bonpoint Spade Lester Graff Suitsupply Pomellato George Bittar Pratesi Bravco Lampert Jimmy BCBG Marshall Van Cleef & Arpels Madewell Oliver Peoples Green Pierce Exhale Barbour Choo Trabert Maxazria Marmot & Hoffer Spa Brunello Cucinelli Sprinkles Burton Georg Jensen Le Colonial Patagonia Burdi Hendrickx Icebreaker Belgian Bakery Brioni American Walgreens BHLDN Lululemon Urban Outfitters Apparel Eskandar Doc B’s WALTON PL Diesel Bloomingdale’s Gucci MICHIGAN AVE Louis Vuitton STATE ST STATE Marc RUSH ST Waldorf Jacobs Cop. Copine St. John • michigan avenue Astoria Adidas Shops at 900 Mont YSL Blanc J. Mendel Chanel | Van Cleef & Arpels | Burberry | Louis Vuitton | Tiffany & Co. | Cartier | H&M | Ugg N. Michigan Bvlgari Little Michael Kors American Girl | Nike Town | Apple | Bloomingdale’s | Neiman Marcus | Nordstrom | Saks Original Anne Fontaine Le Pain Market Talbott Sidney Garber Four Seasons Penguin Chase Quotidien Brasserie Hotel Intermix Jewlery Hotel Chicago Equinox MaxMara Omega Watch Fifth Avenue | Tumi | La Perla | Stuart Weitzman | The Disney Store | Armani | Bottega Veneta DELAWARE ST | Ghirardelli Café | The Hershey Store | Crate & Barrel | Banana Republic | Gap | Levi’s | Starbucks More Salon National Whitehall Hotel The North Face Cupcakes Buzz City Bank Garmin | Cole Haan | Ferragamo | Zara | Brooks Brothers | Columbia Sportswear | Georg Best Buy Jensen | Alice + Olivia | St. John | Top Shop | Michael Kors | Gucci | Mont Blanc | Bvlgari John Potash Hancock Market Cafe des AVE WABASH Cheesecake Factory shopping centers Tempo Cafe Architectes Sofitel Argo Tea • CHESTNUT ST • Water Tower Place Pizano’s Capital McCormick Starbucks Verizon Wireless One & Schmick’s American Girl Macy’s | American Girl | Lacoste | CUSP | Sephora | Swarovski | Victoria’s Secret | Akira | Ann Go Roma 360 Cafe H&M Macy’s Banana Republic Taylor | Aritzia | Banana Republic | bebe | Free People | Henri Bendel | Bare Minerals | Coach Columbia Coach Eileen Fisher Water Tower CUSP Place Uniqlo Free People • 900 Shops American Girl Bentley Gold Coast Ghirardelli Top Shop Henri Bendel Bloomingdale’s | Club Monaco | Diesel | Gucci | J. Crew | Kate Spade New York | Caché | PEARSON ST lululemon | MaxMara | Michael Kors | Montblanc | Sur La Table | St. Croix | Ugg Australia Hershey’s Bottega Veneta • The Shops at North Bridge Armani Nordstrom | Kiehl’s | Hugo Boss | Eataly | Forever 21 | Armani Exchange | White House Black Market | Tommy Bahama | Room and Board | Swatch Starbucks Marlowe CHICAGO AVE the high street 8 9 North Michigan Avenue has exceptionally high traffic levels resulting in the street level retail maintaining a sub 4% vacancy rate since 1991. WITHIN HALF-MILE RADIUS OF ADDRESS Square Feet of Occupied Office Space 8,740,667 Average Household Income $110,000+ Number of Daytime Employees 70,000+ Residents 34,000+ Number of Hotels 35 (9,559 Rooms) LIVING, WORKING, HOSPITALITY & SHOPPING ON NORTH MICHIGAN AVENUE STATISTICS Annual Retail Sales $1.9 Billion Average Daily Pedestrians 40,000 • Square feet of retail space* 3.3 Million MAGNIFICENT MILE Average daily vehicles 42,000 statistics Annual Visitors to the avenue 30 Million Number of Flagship & Boutique Stores on NMA 460 Office Buildlings on NMA 144 *including the three malls on the avenue 10 11 For more leasing information, please contact: Chicago TODD L. SIEGEL First Vice President [email protected] T. 312.861.7834 JESSICA MCLINDEN Associate [email protected] T. 312.861.7831 New York DAVID LAPIERRE Executive Vice President [email protected] T. 212.984.6590 STEPHEN SJURSET First Vice President [email protected] T. 212.984.7105 The information contained in this report was supplied by sources deemed to be reliable, or when information was not available, represents CBRE’s estimates. No warranty or representation, express or implied, is made by CBRE, its officers, directors, shareholders or agents as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, changes of terms or other conditions. Copyright 2014 CBRE. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, as amended, no part of this report may be reproduced or distributed in any form or by any means, or sored in a database or retrieval system, without the prior written permission of the copyright owner. 12.