Knickpoint Ventures has tapped Stream Realty Partners and Baum Realty Group for the leasing of The Fields, a 23-acre, 1.5 million-square-foot campus that was the former Marshall Field’s warehouse and built by the Olson Rug Company a century ago.
Located at 4000 W. Diversey Avenue in Chicago’s West Logan Square neighborhood, The Fields is currently undergoing a multi-million-dollar renovation aimed for completion in fourth quarter 2020.
“Stream is thrilled to partner with Knickpoint Ventures to continue the successful transformation of this historic asset into an integrated, multi-functional creative ecosystem built upon a robust and flexible infrastructure,” said Adam Showalter, managing director of Stream’s Chicago office. “Knickpoint’s vision for the property provides ultimate flexibility for all users of space.”
The Fields features historic elements of exposed brick and concrete columns with 100,000-square-foot floorplates the size of city blocks, soaring ceilings and windows in excess of 15 feet tall. This is paired with robust and modern infrastructure wedded to a state-of-the-art technology that recently was rated Wired Score Platinum, the highest designation for a collaborative and experiential work environment.
Located in a mixed-use campus with 123 loft apartments and a 70,000-square-foot supermarket, the office building has exceptional parking located within the building and is surrounded by market-leading amenities, such as a fitness center, yoga studio, locker room with showers, 50,000 square feet of rooftop space, multiple food and beverage options and maker spaces.
In addition, the property is supported by client services staff, as well as a 3.5-acre interior truck court with fully operational weigh station for tractor trailers. With easy access to train stations and public transportation, including a building shuttle, the area is a vibrant convergence of neighborhoods with exterior signage opportunities available.
“Knickpoint is proud to usher in a new era for The Fields in partnership with Stream. In making the decision to effectively market this ‘blank slate’ opportunity to a wide variety of potential users, we wanted a nimble and flexible group that could effectively canvass the entire Chicagoland market,” said Zain Koita, managing partner of Knickpoint Ventures. “Beyond office leasing, Stream has additionally brought to bear significant corporate resources from other internal business lines, including data center leasing, parking management, digital marketing and data analytics.”
Showalter, along with Patrick Russo and Jessica O’Hara of Stream’s Chicago office, and Ari Topper and Tyler Dechter of Baum Realty Group will lead the leasing of the property.
