CHICAGO, Oct. 4, 2016 /PRNewswire/ -- Tishman Realty today announced the signing of a 16,037 square foot lease with Champs Sports, a division of athletic apparel retailer Foot Locker, at the newly redeveloped 100 S. State Street in Chicago's famed Loop neighborhood. Champs Sports will occupy 7,227 square feet on the ground floor and 8,810 square feet on the second floor. Champs Sports will take control of the space in mid-October.
Tishman recently announced that WeWork, the leading office co-working company in the world, will occupy 43,200 square feet of office space on the third, fourth and fifth floors of the building. There is currently 9,900 square feet of remaining retail space in the building (5,500 square feet on the ground floor and 4,400 square feet on the second floor) at the hard corner of State and Monroe Streets. That space is being marketed by Mid-America Real Estate Group Principal Paul Bryant and Andrew Becker.
"Bringing yet another high-profile tenant to 100 State Street is a testament not only to the appeal of this iconic building but also to the vibrancy of the Loop," said Jason Blum, Vice President of Tishman Realty Corporation based in Chicago. "The leasing success at this property is a direct result of the fact this shopping corridor provides unique branding opportunities, close proximity to the Red Line, and robust office, residential, student, and hotel guest traffic."
In March 2015, Tishman Realty together with AXA Investment Managers – Real Assets, purchased the iconic former home of Amalgamated Bank at 100 S. State Street along with 112 S. State Street next door. The full re-development project includes a gut renovation of 100 S. State Street and a tear-down and rebuild of 112 S. State Street to create one unified 70,000 square foot building.
Tishman is a vertically-integrated real estate owner, operator, developer and advisor with a current portfolio of more than 5.5 million square feet. Tishman has a more than 30 year presence in Chicago, where they own and manage the 1,218-room Sheraton Chicago, office and retail space at 100 South State Street, 200 East Ohio and are developing a 336-room Aloft Hotel in Streeterville that will open in 2019.
Tishman typically manages all components of its projects and acquisitions, from feasibility, design, budgeting, financing and development management to ongoing property and asset management. Tishman has developed, managed and advised on more than 35 million square feet of all types of real estate - including more than 50,000 hotel rooms, plus convention centers, retail, residential and office.
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SOURCE Tishman Realty