Polène Signs 10-Year Lease At 116 East Oak Street In Chicago Retail Market

The property asset involved in the transaction is a retail space located at 116 East Oak Street in Chicago, covering an area of 7,000 square feet. The lease pertains to the entire building and is set in a market known for its luxury retail growth.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Lease Term: 10 years
• Landlord: Fred Latsko - Latsko Interests
• Tenant: Antoine Mothay - Polène
• Landlord's Representative: Elan Rasansky & Anthony Campagni - Canvas Real Estate
• Tenant's Representatives: Wendy Silverman - Creative Retail Leasing; Lorraine Adney - Maven Commercial

This transaction marks the Parisian handbag brand Polène’s first store in Chicago, filling a year-long vacancy at the location. The deal was brokered by representatives from Canvas Real Estate for the landlord and by Creative Retail Leasing and Maven Commercial for the tenant, contributing to the ongoing development of Oak Street's luxury retail presence.