An Irreplaceable 224,204 SF Mixed-Use Destination in Chicago’s Dynamic North & Clybourn Corridor
HFF has been retained by Structured Development (the “Owner” or the “Developer”), on an exclusive basis, with respect to the disposition of Blackhawk on Halsted (the “Property”) – a premier 224,204 square foot mixed-use destination.
The Property features 93,287 square feet of “Best-in-Class” medical tenancy, 48,016 square feet of national retailers, the 82,901 square foot prestigious British School, and a 534-space parking facility.
The medical office component of the Property is anchored by leading healthcare providers Northwestern Memorial (Moody’s Aa2), Advocate Health Care (Moody’s Aa2) and Town & Country Pediatrics. A synergistic mix of other clinical and medical uses augment the remainder of the medical office space, which comprises 42% of the total GLA.
Located in the heart of the dominant “North and Clybourn Retail Corridor”, Blackhawk on Halsted’s premier ground-level retail space is fortified by leading outdoor sporting goods retailer, REI; this location is the Property’s flagship Chicago location and is a top five performing store for the retailer.
The British School (NYSE: NORD) is a 82,901 square foot free-standing building directly adjacent to the medical office and retail building. The British School recently expanded its space at Blackhawk on Halsted, and has a remaining lease term of 24.8 years that provides over $1.55 million in contractual rent increases to new investors.
The Property’s components work in unison with one another and the neighborhood, to create a vibrant destination for Lincoln Park’s affluent and dense consumer base.
Contacts
Michael Bennett
Managing Director
(312) 528-3694
mbennett@hfflp.com
Phil Mahler
Managing Director
(312) 300-7319
pmahler@hfflp.com
Jonathan Norton
Real Estate Analyst
(312) 300-7291
jnorton@hfflp.com
Michael Janus
Real Estate Analyst
(312) 528-3677
mjanus@hfflp.com
Matthew DiCesare
Real Estate Analyst
(312) 300-7305
mdicesare@hfflp.com
Debt Contact
Michael Kavanau
Managing Director
(312) 528-3676
mkavanau@hfflp.com
Daniel Kaufman
Managing Director
(312) 528-3684
dkaufman@hfflp.com
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
