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710 Clark St Evanston, IL 6...

Etta Collective Leases Retail Space At Evanston Labs In Evanston
LEASEDRetail

Etta Collective Leases Retail Space At Evanston Labs In Evanston

710 Clark St Evanston, IL 60201, USA

$40

$40/SF

Building Size

6,808 SF

Asset Type

Retail

Closing

Jun 7, 2023

AI

Etta Collective, a restaurant group, has leased the entire ground-floor retail space at Evanston Labs in Evanston. The forthcoming 10-story building offers Class A life sciences space and is located near Northwestern University. The lease transaction for the retail space was facilitated by Trammell Crow Co., the landlord, with the assistance of their representatives Dan Lyne and Brandon Green from CBRE. The tenant, Etta Collective, was represented by David Burden from Colliers. The asking rent for the space was $40 per square foot, and the total area of the retail space is 6,808 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 710 Clark Street, Evanston
  • Market: Evanston
  • Landlord: Trammell Crow Co.
  • Tenant: Etta Collective
  • Landlord's Rep: Dan Lyne & Brandon Green - CBRE
  • Tenant's Rep: David Burden - Colliers
  • Asking Rent: $40/ft.
  • Total Square Footage: 6,808

Etta Collective plans to open its eatery in the summer of 2024 in the leased retail space at Evanston Labs.

Players

Dan Lyne

CBRE

Broker

6 deals

Broker
TC
Trammell CrowLandlord

Chicago Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93