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827 West Belmont Avenue

John McLinden Of Hubbard Street Group Leases Retail Space To Jason Buechel Of Whole Foods
LEASEDRetail

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

Jason Buechel

Broker

$21M

vol

5 deals

Broker

John McLinden

Hubbard Street Group

Landlord

$147.9M

vol

5 deals

Landlord

Jason Buechel

Whole Foods

Tenant

$21M

vol

5 deals

Tenant

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