John McLinden Of Hubbard Street Group Leases Retail Space To Jason Buechel Of Whole Foods
827 West Belmont Avenue
Building Size
—
Asset Type
Retail
Closing
Apr 23, 2026
AI
The property asset involved in this lease transaction is a retail space located at 827 West Belmont Avenue in Chicago. The development encompasses approximately 60,000 square feet and is known as Lakeview Connection. This site has remained vacant and is set to be revitalized by Whole Foods, which will occupy a significant portion of the space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 827 West Belmont Avenue
- Market: Chicago
- Landlord: John McLinden - Hubbard Street Group
- Tenant: Jason Buechel - Whole Foods
Key individuals in this lease transaction include John McLinden, who represents Hubbard Street Group, the company behind the Lakeview Connection development, and Jason Buechel, who is associated with Whole Foods. This transaction marks an important change for the site, which has faced challenges since a previous plan for an Amazon Fresh location was abandoned in 2023.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93