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Pottery Barn Signs 15,000 SF Lease At Westfield Old Orchard In Skokie

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LEASED

Illinois

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Retail15,000 SF
Leased 12/19/2023
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Property Image
LEASED

Pottery Barn Signs 15,000 SF Lease At Westfield Old Orchard In Skokie

4905 Old Orchard Ctr

See Similar Deals
Retail15,000 SF
Leased 12/19/2023

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:15,000 SF
Transaction Type:Lease

Pottery Barn has signed a lease for a 15,000-square-foot retail space at Westfield Old Orchard in Skokie, near Chicago. The space was previously occupied by Lord & Taylor and is part of a redevelopment plan that includes new residential space, restaurants, and wellness facilities. The opening of Pottery Barn is scheduled for summer 2024.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 4905 Old Orchard Ctr, Skokie
  • Market: Skokie
  • Asset Size: 15,000 SF
  • Tenant: Pottery Barn
  • Tenant's Representative: Marta Benson

This lease agreement adds Pottery Barn to the roster of retailers in the 115,000-square-foot space at Westfield Old Orchard. Marta Benson, representing Pottery Barn, played a key role in securing the lease at this prime location near Chicago.

Details

LEASED
IMAGE: Marta Benson DATE: 12/19/2023 ADDRESS: 4905 Old Orchard Ctr MARKET: Skokie ASSET TYPE: Retail ~ SF: 15,000 TENANT: Pottery Barn (@PotteryBarn) - Marta Benson NOTE: Pottery Barn has signed a 15,000-square-foot lease at Westfield Old Orchard near Chicago, joining other retailers in a 115,000-square-foot space formerly occupied by Lord & Taylor. The move is part of a broader development plan, including new residential space, restaurants, and wellness facilities, with the opening scheduled for summer 2024.

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Effective Rent (Annual)

$859,790.95

Total Lease Value

$8,597,909.48

Net Landlord Cash Flow$859,790.95