Michael Havdala, senior vice president, and Brenton Schrader, associate, with the retail brokerage division of HSA Commercial Real Estate represented Specialty’s Café & Bakery in a 6,256-square-foot lease for the entire retail space on the ground level of the Inland Steel Building at 77 S. Dearborn St., Chicago.
San Francisco-based Specialty’s, which has existing downtown Chicago locations at 525 W. Monroe St. and 191 N. Wacker Drive, is projected to open the Inland Steel location in March 2013.
Specialty’s Café & Bakery, which currently has 48 operating restaurants primarily in California and Washington, will utilize the location as a central catering hub for its Chicago Loop clientele. The new location will also serve baked goods, salads, soups, sandwiches, and will feature a Peet’s Coffee & Tea kiosk. Specialty’s is working exclusively with HSA Commercial to open approximately 15 restaurants in the Chicago area, including at least three more locations in the Loop.
John Vance, vice president with Stone Real Estate, represented ownership, New York-based Capital Properties, in the lease transaction. SKB Architects is responsible for the design of the project, and Turner Construction will serve as the general contractor.
