Cushman & Wakefield secured a 30,000-square-foot building at 219 N. Paulina St. for Padel Chicago LLC, which will house the city’s first-ever Padel Club.
Padel is a sport that combines elements of tennis, squash and pickleball. Played on a smaller, enclosed court, it encourages both competitive and casual play. Accessible to all ages and skill levels, padel requires minimal equipment and no prior experience, making it easy and fun for everyone to enjoy.
Chip Evans from Cushman & Wakefield represented the main investors, Lakeshore Sport & Fitness and Fabian Gosselin, in lease negotiations with building owner Walnut Street Properties.
Lakeshore Sport & Fitness owns and operates large, multi-sport facilities featuring tennis, pickle, racquetball, squash, swimming, basketball and more, while Gosselin is a Chicago venture-capital investor whose family has owned and operated a global hospitality and restaurant company for three decades.
“With its location in the West Loop and near Fulton Market, 219 N. Paulina Street is ideal for Padel Chicago’ first location in the city,” said Evans, a Director in Cushman & Wakefield’s Chicago office. “Its access to the city’s prime office markets and affluent residential sector, as well as burgeoning Fulton Market, positions the club for immediate and long-term success. What’s more, the structure, formerly a high-bay industrial building, is perfectly suited for refurbishment to offer the perfect player experience.”
According to Deloitte, padel is the fastest growing sport in the world, with a $2 billion ecosystem.
