| |||||
| |||||
| ||||||||||
 |
     |
||
2002 : BAUM REALTY GROUP NEGOTIATES TRANSACTIONS FOR KINKO'S, WALLY FINDLAY GALLERIES AND METROPOLITAN PLACE Oct. 4, 2002 Leading Chicago-based retail brokerage firm Baum Realty Group has recently completed lease negotiations for Kinko's, Wally Findlay Galleries International and Metropolitan Place. The transactions are for the following locations: Metropolitan Place, 130 S. Canal St., Chicago Kinko's has signed a 2,400-square-foot new lease for a retail location on the Clinton Street side of Metropolitan Place. It will take occupancy by the end of this year, relocating its current full-service center from the building's corner retail location at Canal and Adams streets. Kinko's was represented during lease negotiations by Greg Kirsch of Baum Realty Group, its exclusive broker in the Chicago market. Building ownership, Everest Partners, was represented by Baum Realty Group's Allen Joffe and Nicole Putzel. Kinko's is the world's leading provider of document solutions and business services. Its global network of more than 20,000 team members and 1,100 digitally connected locations offers access to technology for color printing, finishing and presentation services, Internet access, videoconferencing, outsourcing, facilities management, Web-based printing, and document management solutions. Dallas-based Kinko's is a privately held corporation with locations in nine countries. CVS Corp. has signed a lease totaling nearly 9,100 square feet to occupy Kinko's former location plus some additional space at Metropolitan Place. The Rhode Island-based drugstore chain is scheduled to open this location in early 2003. CVS was represented during lease negotiations by David Stone and Josh Levy of Stone Real Estate. Building ownership was represented by Allen Joffe and Nicole Putzel of Baum Realty Group. CVS is America's #1 pharmacy dispensing prescriptions in more stores than any other retailer. With annual revenues exceeding $22 billion, CVS has created innovative approaches to serve the healthcare needs of all of its customers through its approximately 4,000 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and PharmaCare, its pharmacy benefit management company. The first major conversion to residential use of a downtown Chicago office building built after the Second World War, Metropolitan Place is an adaptive reuse of a downtown Chicago office/manufacturing structure that was the headquarters of The Florsheim Shoe Company. The existing building occupies the entire 60,000-square-foot site and has a total of 330,000 gross square feet of commercial and residential space. The redevelopment includes 212 loft, gallery and terrace market rate homes, 226 indoor heated parking spaces and 20,000 square feet of retail space. To help accommodate this, four new floors were added on top of the existing structure. 188 E. Walton St., Chicago Sotheby's has subleased and taken occupancy of 5,000 square feet located at 188 E. Walton St. in Chicago. The space previously was occupied by Wally Findlay Galleries, which is currently seeking a location on North Michigan Avenue. During sublease negotiations, Sotheby's was represented by Ron Friedman and Meredith Soren of U.S. Equities. Wally Findlay Galleries was represented by David Baum and Nicole Putzel of Baum Realty Group. Sotheby's Holdings, Inc. is the parent company of Sotheby's worldwide live and Internet auction businesses, art-related financing and real estate brokerage activities. The company operates in 34 countries, with principal salesrooms located in New York and London. The company also regularly conducts auctions in 13 other salesrooms around the world, including Australia, Hong Kong, France, Italy, the Netherlands, Switzerland and Singapore. Sotheby's Holdings, Inc. is listed on the New York Stock Exchange and the London Stock Exchange. Wally Findlay Galleries International promotes and provides quality works by extraordinary talents. Its 130 year history has reflected the various schools of art of each period, from Impressionist during the 1870s to Fauvism in the early 20th Century, through subsequent contemporary movements. Specializing in French Impressionist and Post-Impressionist masters, the gallery has also developed a group of distinguished contemporary artists both European and American, which are represented exclusively. Wally Findlay Galleries is considered one of the foremost authorities on the French School of Rouen. |
|||
1030 W. Chicago Avenue :: Suite 200 :: Chicago, IL :: 60642 :: P: 312.666.3000 :: F: 312.666.7970 :: info@baumrealty.com |
|||
