Peppercorn Capital LLC Secures Sought After Lake Street Property

Chicago-based Minimal to lease the three-building property

Jan 16, 2013, 14:45 ET from Peppercorn Capital LLC

CHICAGO, Jan. 16, 2013 /PRNewswire/ -- Peppercorn Capital LLC, a Chicago-based real estate investment and development company, recently purchased the Trainor Glass Company showroom on the corner of Lake Street and Sangamon. The firm closed on a lease that includes three separate 5,000-square-foot-buildings located at 939 W. Lake Street for Chicago-based tenant, Minimal.

The design company is moving from its current location of 1032 W. Fulton Market, and is looking to showcase its designs in the property's corner showroom.

Peppercorn Capital adds Minimal to its list of tenants, which includes from the past and present: 37 Signals, Sprout Social, AnswersMedia, Crate & Barrel/CB2, Binny's, Goose Island Brewery, Goodwill Industries, Harpo Productions, Israel Idonije's Blessed Manufacturing, The Animal Care Center of Chicago, IDEO, Caremark, MBM Jewelry, eSutras Organics, Ignite Network, Berkshire Hathaway/Kale Uniform, Warner Bros. and Herff Jones.

Tenant representation firm Howard Ecker + Company was pivotal in helping secure Minimal as a tenant. Led by Vice President Valentine Ecker Klutznick, the Howard Ecker + Company team involved in this transaction also included President and CEO Howard Ecker and Chief Operating Officer Pamela Parasugo.

"Howard Ecker + Company has a simple and effective philosophy," stated Phil Denny, CEO of Peppercorn Capital, "stay committed to the client."

Denny also praised Klutznick's efforts in particular, "Val demonstrates a level of commitment and patience that is hard to come by in this industry. She has brilliant client service skills."

The building at 939 W. Lake Street is over 80 years old, and was originally converted from a garage building, and later into a distribution center at the height of Chicago's meat packing industry.

The property as it exists now has bow-truss roof buildings, and all the buildings are connected, with a showroom featured on the corner of the property.

Minimal is a design company founded by design visionary Scott Wilson. Wilson leads a team of designers who create brand-building products and experiences. A former Global Creative Director at Nike, Wilson has been a design leader in organizations such as IDEO, Thomson Consumer Electronics, Fortune Brands and Motorola. Wilson was awarded the 2012 Smithsonian National Design Award for Product Design.

About Peppercorn Capital LLC
Peppercorn Capital LLC is a commercial real estate development company that strives to distinguish itself both in terms of the clients it serves and the projects it undertakes.

Peppercorn Capital focuses on development projects in Chicago's West Loop neighborhood, where vintage red brick factory buildings stand as monuments to Chicago's industrial heritage. Expansive floor plans and high ceilings, that once housed assembly lines and massive machinery, have evolved to vibrant, creative companies where modern, open-office concepts are explored and refined for the digital age. For more information please visit http://www.peppercorncapital.com.

SOURCE Peppercorn Capital LLC



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