Newmark Grubb Knight Frank (NGKF) has been appointed as the exclusive leasing agent for the former Mid-City Trust and Savings Bank building located at 801 W. Madison Street in Chicago, Illinois.
Owned by Nebel Inc., the historic property, which has been vacant for ten years, is preparing redevelopment plans and addressing the market to find the ideal office and retail tenant mix to transform this historic asset.
Built in 1911 for Mid-City Trust and Savings Bank, 801 W. Madison is a six-story, 82,360-square-foot office building located in the West Loop neighborhood of Chicago. Situated on the corner of Madison and Halsted Streets, the building offers a central location downtown that provides easy access to public transportation and highways, as well as an abundance of restaurants and retail.
It is also minutes from the Theater District and upscale shopping on the Magnificent Mile. Currently underway, ownership’s redevelopment plans include restoring the building’s cornice and remodeling the building’s interior to include a state-of-the-art base building infrastructure, creating rentable retail and office space. Once complete, the property will feature loft-style, 10,000-square-foot rentable floor plates. Ward, along with Senior Associate Melissa Porcelli, will lead the office brokerage team, and Executive Managing Director Greg Kirsch will lead the retail brokerage team.
Designed by the renowned architect Horatio R. Wilson, 801 W. Madison originally featured large store-front windows clad with white terra cotta at street level and wide Chicago-style windows on the second floor. The building was extensively renovated in 1928 after the acquisition of the Virginia Theater Building. Architectural firm Perkins, Fellows & Hamilton redesigned the first two stories of the exterior and expanded and rebuilt the first two stories of the interior.
