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2005     :  

FIDELITY TO FILL FORMER PIER 1 LOCATION IN HIGHLAND PARK, Ill.
Baum Realty Group Negotiates on Behalf of the Landlord

Nov. 1, 2005

Leading Chicago-based retail brokerage firm Baum Realty Group has negotiated a new 10 year lease with Fidelity Investments to fill the former Pier 1 Imports space at 1 Skokie Blvd. in Highland Park, Ill. One of the world’s largest providers of financial services, Fidelity will open its new 10,000-square-foot location by spring 2006.

During lease negotiations, the landlord was represented by Allen Joffe and Adam Secher of Baum Realty Group. Fidelity was represented by Stan Bobowski of Bobowski & Associates.

Founded in 1991, Baum Realty Group is one of Chicago’s leading retail brokerage firms, providing comprehensive retail leasing services for building owners and retailers. It has established locations for retailers including: Marlowe Cashmere, Hershey’s, Lush, Washington Mutual Bank, Aerosoles, Starbucks, Sterling Jewelers, Morton’s Restaurant Group, Blake, American Apparel and Chipotle. Over the past nine years, Baum Realty Group has completed approximately 25% of all retail transactions in Chicago’s Loop. Baum’s Investment Sales Division assists clients with the acquisition and disposition of all types of commercial real estate. www.baumrealty.com

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $2.3 trillion, including managed assets of $1.1 trillion as of September 30, 2005. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to approximately 20 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.