Goose Island Office Portfolio - 1131 W. Blackhawk St. & 1340-65 N. Cherry St., Chicago, IL 60642

Situated at 1131 West Blackhawk Street and 1340-65 North Cherry Street in the Goose Island submarket of downtown Chicago, The Portfolio boasts phenomenal connectivity. The Portfolio is one block to the Chicago Water Taxi Stop, 0.3 mile to CTA Bus Stop, 0.3 mile to Divvy Station, 0.5 mile to 90/94, 0.6 mile to CTA Red Line 'L' stop, 0.9 mile to the proposed new Metra stop/606 trail extension and 1.1 mile to Clybourn Metra Stop. Nearby retailers include Starbucks, Whole Foods, Pier 1, Old Navy, Gap, Peet's Coffee, West Elm, Pottery Barn, Ulta, Best Buy, REI and Lululemon (coming soon). SVN Chicago Commercial, as exclusive agent for ownership, is pleased to offer the opportunity to acquire the Goose Island Office Portfolio (“The Portfolio”). The Portfolio consists of three adjacent, completely renovated, brick and timber office buildings totaling 80,550 square feet (with the ability to add an additional 27,401 square feet). The City of Chicago’s initiative to modernize land use zoning coupled with scheduled infrastructure improvements has created tremendous leasing velocity in the submarket. In addition to Mars Food and Marshall Associates, Goose Island is home to the Wrigley Technology Center, Amazon and FedEx. In February 2019, CB2 (Crate & Barrel sister company) announced it will move its headquarters to 1315 North Branch Street, which is adjacent to 1365 North Cherry Street. With anticipated rents exceeding $30/NNN, a potential acquirer has tremendous upside by leasing vacant space positioned to capture elite tenants in the marketplace. Additionally, the property is located in Enterprise Zone 4 within the City of Chicago. Enterprise Zones can offer a prospective acquirer incentives such as sales tax exemption on building material purchases, exemption from City of Chicago Real Estate Transfer Tax for buyer and seller and additional investment tax credits from the State of Illinois.