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830 North Michigan Avenue

Scott Goodman Of Farpoint Development Secures 60,000 Square Foot Lease For The Candy Hall Of Fame Experience
LEASEDRetail

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

Elan Rasansky

Canvas Real Estate

Broker

2 deals

Broker

Scott Goodman

Farpoint Development

Landlord

$75M

vol

4 deals

Landlord
Saxony Properties
Saxony PropertiesLandlord
Jeff Rubin

Jeff Rubin

Candy Hall of Fame

Tenant

1 deal

Tenant

Chicago Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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