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Coca-Cola And Fairlife Lease 37000 Square Feet Office At 910 W Lake St In Chicago

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LEASED
Adam Pines
Lisa Konieczka
+ 1

Illinois

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Office37,000 SF
Leased 12/06/2024
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Property Image
LEASED

Coca-Cola And Fairlife Lease 37000 Square Feet Office At 910 W Lake St In Chicago

910 West Lake Street

See Similar Deals
Office37,000 SF
Leased 12/06/2024
Adam Pines
Lisa Konieczka
+ 1
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:37,000 SF
Transaction Type:Lease

The property involved in this transaction is located at 910 West Lake Street in Chicago's Fulton Market District. It is being leased as office space with a total area of 37,000 square feet. The landlord for this asset is Fulton Street Cos., represented by Ross Babel.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 910 West Lake Street
  • Market: Chicago
  • Landlord: Ross Babel - Fulton Street Cos.
  • Tenant: James Quincey - Coca-Cola; Fairlife
  • Landlord's Representative: Adam Pines & Matt Pistorio - Madison Rose
  • Tenant's Representative: Brian McDonell & Lisa Konieczka - CBRE

This lease agreement marks the consolidation of Coca-Cola and its subsidiary Fairlife's local offices into a former apartment building that is being converted into workspace. The landlord's initial plans to convert the property into a hotel were reversed, facilitating this lease arrangement. The leasing was facilitated by CBRE, with Lisa Konieczka and Brian McDonell representing the tenants, while Madison Rose was responsible for representing the landlord.

Players

3 deals
BROKER

Matt Pistorio
4 deals
BROKER


Brian McDonell
CBRE
1 deal(312) 416-3066
BROKER

Madison Rose
BROKERAGE

Details

LEASED
IMAGE: Adam Pines, Matt Pistorio, James Quincey, Ross Babel, Brian McDonell & Lisa Konieczka DATE: 12/06/2024 ADDRESS: 910 West Lake Street MARKET: Chicago ASSET TYPE: Office ~ SF: 37,000 LANDLORD: Ross Babel - Fulton Street Cos. TENANT: James Quincey - Coca-Cola (@TheCocaColaCo); Fairlife LANDLORD'S REP: Adam Pines & Matt Pistorio - Madison Rose TENANT'S REP: Brian McDonell & Lisa Konieczka (@KonieczkaLisa) - CBRE (@CBRE) NOTE: Coca-Cola and its subsidiary Fairlife are finalizing a lease for 37,000 square feet at 910 W. Lake St. in Chicago’s Fulton Market District, consolidating their local offices into a former apartment building being converted into workspace. Fulton Street Cos., the building’s owner, reversed plans to convert the property into a hotel, with CBRE’s Lisa Konieczka and Brian McDonell representing the tenants and Madison Rose representing the landlord.

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Deal Type
Effective Rent (Annual)

$2,120,817.67

Total Lease Value

$21,208,176.73

Net Landlord Cash Flow$2,120,817.67