Aspen Dental Management has committed to a long-term, 197,000-square-foot office lease within 800 W. Fulton Market in Chicago. The transaction is the first for the Fulton Market development, a joint venture between Thor Equities and QuadReal. Occupancy is expected with the building’s opening in spring of 2021.
As part of the 14-year lease, East Syracuse, New York-based Aspen Dental will also operate an 8,000-square-foot storefront on the property’s ground floor. Tony Coglianese, Paul Reaumond and Brad Serot of CBRE brokered the deal on behalf of the tenant; Cushman & Wakefield’s Mark Baby, Ben Cleveland and Jack McKinney Jr. represented the developers.
Located at the eastern entrance to the historic Fulton Market district at 800 W. Fulton Market, the 19-story, mixed-use building was designed by Skidmore, Owings & Merrill. The trophy property is expected to activate the burgeoning neighborhood with more than 450,000 square feet of office space, public amenities, retail and food and beverage outlets.
Occupying a full city block, bounded by Green, Fulton Market, Wayman and Halsted Streets, the project is proportioned to respect and relate to the rhythm, scale and streetscape of the vibrant neighborhood. Designed to meet the highest sustainability standards, the project is targeting both LEED Platinum and the WELL Building Standard certification.