National Fast-Casual Restaurant Chain Will Open Its First Location in Downtown Chicago at 111 West Jackson Boulevard
CHICAGO (October 28, 2016) – RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has arranged a 1,246-square-foot lease with Muscle Maker Grill, a national healthy fast-casual restaurant chain, at 111 West Jackson Boulevard in The Loop. This will be the first location in the city of Chicago.
RKF Managing Director Steve Schwartz represented the landlord, 111 West Jackson Holdings, LLC; the tenant was represented by Landon Massel of The Lord Companies.
Situated at the northwest corner of West Jackson Boulevard and South Clark Street in the heart of downtown Chicago 111 West Jackson Boulevard is at the heart of the city’s Financial District and sees tremendous foot traffic — 15,600 per day — from area office workers and visitors which amount to a daytime population of more than 81,000. The 24-story, 558,388-square-foot office building was built in 1961 and includes a total of 20,542 square feet of retail space on the ground floor. The building’s current retail tenants include McDonald’s, Market Creations Café, Citibank, Lavazza, Freshii and Treatshop. Muscle Maker Grill will take over the space previously occupied by City Pizza.
“While there’s no shortage of fast food and sit-down dining options in downtown, there is always a need for high-quality, premium fast-casual options – a growing necessity to accommodate the changing demographics in the downtown neighborhoods, particularly the Loop,” said Schwartz.
There is an additional Muscle Maker planned for the city in the Lakeview neighborhood.
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 $30 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.
RKF is located at 353 North Clark Street, Suite 2050, Chicago IL 60654
T: 312.698.8880. www.rkf.com