Luft Balloons Leases Industrial Space In Bucktown, Chicago

The industrial property located at 2300 W. Fullerton Avenue in Bucktown, Chicago was recently leased. The tenant, Luft Balloons, LLC, entered into a lease agreement with the landlord, Fulloak 24, LLC. The lease was facilitated by Konstantine Sepsis of Avison Young, representing the tenant, and James Hodur and Ben Miotti of Coldwell Banker Commercial, representing the landlord. The lease terms included a starting rent of $20.00 per square foot, NNN (Triple Net), with an asking rent of $25.00 per square foot, NNN. The total square footage of the leased space is 6,886.

Summary of transaction details:

• Property Type: Industrial
• Transaction Date: 08/18/2021
• Address: 2300 W. Fullerton Avenue, Bucktown, Chicago

The lease transaction for the industrial property at 2300 W. Fullerton Avenue was successfully negotiated by Konstantine Sepsis of Avison Young on behalf of the tenant, Luft Balloons, LLC. James Hodur and Ben Miotti of Coldwell Banker Commercial represented the landlord, Fulloak 24, LLC. This deal demonstrates the collaboration between the two brokers in securing a favorable lease agreement for their respective clients.