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| 905 West Fulton Market spans nearly 98,000 square feet over five stories and a basement on the corner of West Fulton Market and North Peoria Street in the heart of Fulton Market, Chicago, IL. |
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| Tom Sitz |
On the corner of West Fulton Market and North Peoria Street in the heart of Fulton Market, 905 W. Fulton Market spans nearly 98,000 square feet over five stories and a basement.
Featuring a historic façade characteristic of
the neighborhood and modern glass design, 905 W. Fulton offers contiguous floor
plans, a landscaped terrace and green roof.
The property is anchored by Mondelez
International’s global headquarters, which will occupy over 80,000 square feet
of office space in the new building on floors two through five, as well as over
6,500 square feet of retail space on the ground floor.
Thor
recently announced 8,000 square feet of the ground floor was recently leased to
DineAmic Hospitality, one of Chicago’s most eminent creative hospitality and
events companies. Approximately 2,600 square feet on the ground floor
remains available.
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| Cody Hundertmark |
“Our vision for 905 W. Fulton Market was to
develop a property with rich character representative of the neighborhood’s
past and attract a world-class tenant to bolster the district's future as a
premier live-work-play destination,” said Joe Sitt, chairman of Thor Equities.
“Fulton Market continues to gain momentum and
the sale of this asset demonstrates the strength of the community, which we are
very proud to be a part of.”
The Cushman & Wakefield capital markets team of Tom
Sitz, Cody Hundertmark, David Knapp, Josh McGee, Paul Lundstedt and Dan Deuter
was involved in this off-market transaction. Thor Equities was not represented
by a broker. Colliers International was also involved in this transaction.
“In this current environment, it is essential to
identify and secure opportunities in order to achieve stable and sustainable
growth for our North America Fund. Such an opportunity is given with this
long-term leased and high-quality property,” said Driss Oualkadi,
president of Deka.
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| Driss Oualkadi |
“The Fulton Market has been the subject of a
significant urban renewal and is now recognized as one of Chicago’s most
upscale and exciting neighborhoods.”
“We are pleased to have been involved in the
sale of this extraordinary Fulton Market development involving two world-class
organizations,” said Tom Sitz, executive director of Cushman &
Wakefield.
“Congratulations are in order to Thor Equities
Group for delivering this premier building to the market and to Deka on its
acquisition of one of Chicago’s newest, best-in-class assets.”
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| David Knapp |
Thor Equities Group recently announced a lease
with Aspen Dental at nearby 800 W. Fulton Market, a 19-story mixed-use
development with over 400,000 square feet of office and retail space, as well
as a range of public amenities.
Designed by Skidmore, Owings & Merrill, 800
W. Fulton Market is situated at the gateway to Fulton Market and was planned to
meet the highest sustainability standards, with a range of smart building
technologies.
Thor’s portfolio also includes nearby 942 W.
Fulton Market, 1003 W. Fulton Market and 1229 W. Randolph Street.
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| Josh McGee |
About Thor Equities:
Thor Equities is a leader in the development,
leasing and management of office, industrial, residential, hotel and mixed-use
assets in premier urban locations worldwide.
The company operates in major cities around the
globe and has a property portfolio totaling $20 billion with a development
pipeline in excess of 50 million square feet.
Thor has a strong presence on three continents
and in addition to its US holdings, the company has assets in European gateway
cities including London, Paris, Madrid, and Milan, and is the largest developer
in Mexico through its Latin American division with a development
pipeline of over 18 million square feet.
Thor
maximizes returns for institutional investors by recognizing a property’s potential,
reducing operating expenses, increasing tenant satisfaction, leveraging market
trends to maintain a long-term competitive edge.
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| Paul Lundstedt |
About Deka:
DekaBank is the Wertpapierhaus (securities
services provider) of the German Savings Banks Finance Group.
Together with its subsidiaries it forms Deka
Group, which has total customer assets of around EUR 313 billion (as at
30/09/2019) and around 4.8 million securities accounts, making it one of the
largest securities services providers and real estate asset managers in
Germany.
It
provides retail and institutional clients access to a wide range of investment
products and services.
DekaBank is firmly anchored in the Sparkassen-Finanzgruppe and designs its portfolio of products and services to meet the requirements of its shareholders and sales partners in the securities business.
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| Dan Deuter |
DekaBank is firmly anchored in the Sparkassen-Finanzgruppe and designs its portfolio of products and services to meet the requirements of its shareholders and sales partners in the securities business.
The Deka Group’s global real estate expertise is
pooled in its Real Estate Division.
The two
investment companies, Deka Immobilien Investment GmbH and WestInvest
Gesellschaft für Investmentfonds mbH, manage and service around EUR 40 billion
in real estate assets (as at 31/12/2019).
CONTACTS:
Bailey Webb, bailey.webb@cushwake.com
Patty
Cronin, pcronin@taylorjohnson.com
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