Cushman & Wakefield, the world’s largest privately held commercial real estate services firm, announced that Senior Directors Barbara Schenberg and Larry Goldwasser have been hired by 4K Diversey Partners LLC to lease 450,000 Sq. Ft. of office space at The Fields, a 1.5 million Sq. Ft. complex offering office, retail, Live/Work residential and industrial space at 4000 W. Diversey.
Located in the rapidly-growing Logan Square neighborhood on the northwest side of Chicago, The Fields has recently completed leases with:
– 26,000 Sq. Ft. to Deal Genius, an online service that helps shoppers find the lowest product prices. C&W represented the tenant. – 115,000 Sq. Ft. to Studio 41 for a home plumbing, window and cabinet distributor to homeowners, contractors, designers, and architects. This new warehouse will support their 14 retail locations. – 103,000 Sq. Ft. to Newly Weds Foods, the premier global purveyor of customized breadings, batters, seasonings, and functional ingredients. Jack Cozzie and Jim Cummings of Newmark Grubb Knight Frank represented the tenant.
Merit Partners LLC is redeveloping the project into The Fields on behalf of 4K Diversey Partners LLC, the property owner, who acquired the complex from Macy’s in 2014. Chicagoans will remember the building as the famous Marshall Field & Co. warehouse sales building. Today, The Fields offers unique and inspiring space to attract a young, educated and creative workforce. The complex is in an attractive location, easily accessible by public transportation and provides over 700 indoor parking spaces for urban or suburban commuters. Amongst many amenities, The Fields offers up to 170,000 Sq. Ft. floor plates and lofted high ceilings for tenants seeking out physical inspiration in their workspace. With the ability to offer more outdoor space than any other project in Metro Chicago, Tenants can design their own event space, employee break areas or even dog runs on the rooftop terraces.
“With the planned amenities at the project, tenants of The Fields will experience a city-within-a-city environment. Easy access to features including restaurants, fitness, a 70,000 Sq. Ft. grocery store, lifestyle retailers, a rooftop deck and event space providing the essential work-life balance, ” said Schenberg. “We’re all excited to provide clients with a creative mix of space, further allowing them to enhance their workplaces and satisfy their employee demands.” With so many employees choosing to walk or bike to work, it’s nice to be able to offer a unique office option for them right in their back yards while cutting commute times in ½ for anybody coming from the north and northwest suburbs” added Goldwasser. “It’s truly the best of both worlds.”
