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Bathhouse Signs Lease For New Wellness Facility At 1010 W. Madison St
LEASED
Illinois
See Similar DealsCommercial40,000 SF
Leased 10/20/2023
LEASED
Bathhouse Signs Lease For New Wellness Facility At 1010 W. Madison St
1010 West Madison Street
See Similar DealsCommercial40,000 SF
Leased 10/20/2023
Summary
ILLINOIS
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:40,000 SF
Transaction Type:Lease
The Bathhouse spa provider has signed a lease for a new 40,000-square-foot wellness facility in Chicago's 1010 W. Madison St. building. Developed by Fulton Street Cos, the facility will offer amenities such as saunas, cold plunges, a rooftop pool, and a restaurant. The space will provide both day passes and treatments to its customers.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: Lease
- Market: Chicago
- Address: 1010 West Madison Street
- Landlord: Fulton Street Cos - Alex Najem
- Tenant: Bathhouse
- Asset Type: Commercial
- Square Footage: 40,000 SF
Bathhouse, a spa provider, has partnered with Fulton Street Cos to establish their new wellness facility in Chicago's 1010 W. Madison St. building. The project represents a collaboration between key individuals in the industry and aims to provide a unique and comprehensive spa experience for customers in the area.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,292,775.86
Total Lease Value
$22,927,758.62
Net Landlord Cash Flow$2,292,775.86
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