Inland Real Estate Brokerage & Auctions Inc. has announced a 24,182-square-foot retail lease in Chicago. Paul Montes, executive broker associate, and Eric Spiess, senior broker associate, represented the landlord, Metro Resource Investment & Management Inc, in the lease of the property. The tenant, Blast Fitness, has started initial build-out and is slated to open in the second quarter 2013.
Located at the signaled intersection of Neenah and Irving Park Road, the newly renovated building has excellent visibility and on-site parking with strong demographics. The new Montrose Deli has already opened for business and a brand new 20,000 square feet of prime retail space is still available (divisible).
“New, modern retail space with private parking is very rare in this densely populated urban area, and Blast Fitness jumped at the opportunity,” Montes said. “In order to adapt to today’s retail market ownership transformed the tired non-descript building into vibrant state of the art space.”
The lease was co-brokered by Gary Litvin of Horizon Realty Services Inc.
