Assistant Director, Savills Studley
Illinois Licensed Real Estate Broker
The West Loop got its start as a bustling wholesale market whose proximity to 19th century rail and stock yards made it a vital hub of Chicago’s growing food enterprises. Now, though several warehouses in the area continue to market and distribute food goods, the area is a different kind of marketplace. Neighboring thoroughfares have been revitalized to reflect and foster the urban life, culture and energy for which this historic area is known, while the best restaurants and most innovative companies in the city have made it their home. The heart of the West Loop, Fulton Market has maintained the bustling charm of its roots while becoming one of the most desirable areas in the nation to eat, work, and live. This innovative space takes advantage of all of this, making it ideal for tech and creative companies.
McCaffery Interests is in the process of reimaging 1115 W Fulton Market into an innovative space and inspirational mixed-use hub. Located on the corner of W Fulton Market and N May Street, this warehouse-style building has 19,737 SF available over the second and third floors. The space is airy and offers traditional West Loop/ Fulton Market build, with reclaimed wooden rafters and modern lighting, making full use of the charismatic warehouse atmosphere. Both floors are fully lined with windows and can be easily adapted to suit the specific needs of any company. The ground floor of the building was just leased by a new tenant: Galley Group, a food incubator in the style of Revival Food Hall. It’s sure to be an exciting infusion to the deliciously busy dining options, not to mention an incredible perk for any office location.
Check out the brochure below:
Whether its focus is on food production, office space, or dining and culture, Fulton Market is undoubtedly a powerhouse in Chicago. As of this fall, the West Loop had the highest concentration of millennials in the country at a stunning 73 percent of population. And it’s not just young folks that are drawn to this area’s inimitable energy — companies who recently leased office space in the West Loop include McDonalds (600,000 SF), the coworking giant WeWork (64,000 SF) and Google’s Midwest headquarters (215,000 SF), not to mention Glassdoor, Twitter, SRAM, Skender, Pinterest, and Facebook. The “Google effect” has accelerated Fulton Market’s already-rapid development, bringing in like-minded tech and creative businesses and retailers and restaurants hoping to cater to their employees.
The daytime population of the area is on the rise, creating a fresh, captive workweek audience and complementing the established weekend and night-life traffic. There’s room to live, too — the more than 3,100 apartment units in the area will soon be joined by 1,965 more that are proposed or under construction.
In addition to its burgeoning office population, Fulton Market is home to the legendary “Restaurant Row,” with countless award-winning eateries just blocks away from 1115. James Beard-award winning chefs and Top Chef contenders including Grant Achatz, Stephanie Izard, Paul Kahan, Fabio Viviani, and Rick Bayless have all put down roots in the area. Their offerings include Girl & The Goat, Avec, The Publican, Siena Tavern, and Frontera Grill (not to mention Au Cheval, The Aviary, Umami Burger… the list goes on). In case none of the current selections strike your fancy, new establishments are constantly opening, including Ballast Point Brewing, The Darling, and City Mouse. It’s also simply a pleasant place to be, with wide sidewalks, parklets, and window shopping complementing the charming outdoor dining options.
On top of everything, 1115 W Fulton is easily accessible by every means of transportation. It’s three blocks from the newly opened Morgan Street “L” stop as well as multiple CTA bus lines, and three minutes from the I-90/94 expressway. If biking is more your style, Divvy bike-sharing stations are steps from the building, and the trendy Wicker Park neighborhood is a ten-minute ride away. By foot, it’s just minutes to Chicago’s hottest bars, eateries, and art galleries, as well as Halsted Street’s Greektown.
This is a rare opportunity to join Google, McDonald’s, Uber and other powerful players in the energetic cultural hub of Chicago. The innovative space is available at a lease rate of $32 NNN plus tax and maintenance, and due to its Class L Status, taxes on it are frozen for ten years. If you’re interesting in finding your office home in this beautiful Fulton Market space, shoot us an email ASAP! With the speed this neighborhood is developing, the space won’t be open for long.
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