Scott Goodman Of Farpoint Development Secures 60,000 Square Foot Lease For The Candy Hall Of Fame Experience
830 North Michigan Avenue
Building Size
60,000 SF
Asset Type
Retail
Closing
Apr 9, 2026
AI
The lease involves a retail asset located at 830 North Michigan Avenue in Chicago. The property consists of 60,000 square feet and was previously a vacant space which was acquired for $40 million from Brookfield Properties. This transaction is indicative of ongoing recovery efforts on North Michigan Avenue, attracting destination-based tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40 million
- Address: 830 North Michigan Avenue
- Tenant: The Candy Hall of Fame Experience
- Landlord: Scott Goodman - Farpoint Development; Saxony Properties
- Landlord's Representative: Elan Rasansky & Anthony Campagni - Canvas Real Estate
- Tenant's Representative: Greg Kirsch - Kirsch.Agency
This transaction sees Scott Goodman partnering with Saxony Properties to secure a long-term lease with the National Confectionary Sales Association. The involvement of multiple representatives from Canvas Real Estate and Kirsch.Agency highlights the collaborative efforts in facilitating this lease agreement.
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