Growing Contemporary Women’s Fashion Retailer To Open at 837 West Armitage Avenue in Lincoln Park
CHICAGO, IL – RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, has arranged a 2,500-square-foot lease for contemporary women’s fashion retailer Bevello in Chicago’s Lincoln Park. This will be the Raleigh, NC-based retailer’s first location in the City of Chicago, as the brand looks to continue expansion throughout the Chicago MSA.
Bevello’s new location is in the heart of Lincoln Park’s famed retail corridor on West Armitage Avenue between Fremont and Dayton Streets. Neighboring tenants include Paper Source, MAC Cosmetics, Kiehl’s, Benefit, Bonobos, Warby Parker, BCBGMAXAZRIA and Intermix. Bevello’s anticipated opening date is June 2015.
RKF Managing Director Lara Keene arranged the lease on behalf of the tenant. The landlord, Acadia Realty Trust, was represented in-house by Tracey Mitnick.
“Bevello has its roots in the South, so they were immediately taken by Armitage’s historic charm and setting,” explains Keene. “They were also drawn to the strong co-tenancy of existing national fashion and lifestyle retailers, as well as the unique mix of independent retail shops along this corridor, which really hits the brand’s target demographic.”
Founded in 2009, Bevello’s well-curated collection of contemporary women’s fashion rivals those found in major cities on both ends of the U.S. Their expansion across the Southeast focuses on upscale retail malls and districts, such as the Lenox Mall in Atlanta, Snider Plaza in Dallas and Chapel Hill in North Carolina. The retailer currently has one store in the Chicagoland Area at Deer Park Town Center, an upscale lifestyle center in the Northwest suburb of Deer Park, Illinois, in addition to 24 other locations spread across the Carolinas, Virginia, Texas, Alabama and Georgia.
The Armitage-Halsted District is surrounded by a dense residential market of over 65,000 residents with an average annual income in excess of $125,000 in one (1) mile. This mature retail node is comprised of approximately 100,000 square feet of national and local boutique retailers.
The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $20 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.