Reverb Leases 25,000 SF Office Space In Chicago's Salt Shed
1357 North Elston Avenue
25,000 SF
Summary
The Salt Shed, a redeveloped Morton Salt warehouse located at 1357 North Elston Avenue in Chicago, has secured a lease transaction for approximately 25,000 square feet in a two-story brick building. The space will serve as the new headquarters for Reverb, a music equipment marketplace. This move adds a commercial dimension to the Salt Shed, known as a concert venue, and strengthens Reverb's connection to Chicago's music community.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: R2 & 16" on Center
- Tenant: David Kalt - Reverb
- Landlord's Rep: Mike Lombardo - Blue Star Properties
- Tenant's Rep: Adrian Boone - Stream Realty Partners; Frank Franzese - Colliers International
Reverb's relocation to the Salt Shed signifies a strategic move to enhance its presence in Chicago's music scene. The lease agreement, facilitated by Adrian Boone from Stream Realty Partners and Frank Franzese from Colliers International, marks a significant step for Reverb in establishing a stronger foothold within the emerging office landscape of the area. The upcoming move is scheduled for the following year, promising a seamless transition for the music equipment marketplace.
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