The property asset involved in the transaction is located at 219 North Paulina Street in Chicago, comprising an industrial space that encompasses 30,000 square feet. This lease is significant as it sets the stage for Padel Chicago LLC to establish the city's first padel facility, featuring multiple recreational components for members.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 219 North Paulina Street
• Market: Chicago
• Landlord: Walnut Street Properties
• Tenant: Padel Chicago LLC
• Broker: Chip Evans - Cushman & Wakefield

The deal was brokered by Chip Evans, representing Lakeshore Sport & Fitness and Fabian Gosselin, in negotiations with Walnut Street Properties. Plans for the venue include five indoor courts, member lounges, locker rooms, coworking space, and an onsite coffee shop and bar, aimed to open in early 2025.