Cushman & Wakefield's National Office Investment Advisory (OIA) Group is pleased to present the opportunity to qualified investors for the fee simple interest in 1400 Kingsbury, an irreplaceable, boutique urban creative office building located within Chicago's Clybourn Corridor submarket. The Property is a 92,110-square foot⁽¹⁾, fully repositioned urban infill, investment-grade office building currently 73%⁽¹⁾ leased to a collection of four tenants with a weighted average remaining lease term (WALT) of eight years. The Property's long-term lease duration and diverse tenancy presents investors with a rare opportunity to acquire a newly developed, amenitized horizontal creative office campus positioned to provide long-term cash flow durability and minimal capital expenditure. 

Centrally located along the north branch of the Chicago River and adjacent to the highest demographic neighborhoods in Chicago (including Old Town, Gold Coast, River North to the east; Bucktown, Wicker Park, Logan Square, Goose Island to the west; West Loop, Fulton Market to the south; and Lincoln Park to the north) with proximity to Metra Rail commuter trains and Chicago Transit Authority (CTA) rapid transit trains, the Clybourn Corridor submarket benefits from a robust tenant demand as a result of the area’s unmatched geography. A world-class offering of dining and entertainment venues, the soon-to-be-developed $6B+ Lincoln Yards project, the mixed-use Halsted Point development with Phase I currently under construction, as well as the recent $50 million redevelopment of the former Morton Salt Packaging Warehouse into the Salt Shed, a mixed-use concert and event facility in the heart of Goose Island demonstrate the area’s marketability to investors and tenants alike. 

Director

+1 312 338 7868

jeremiah.olsen@cushwake.com