Thor Equities has signed three new retail leases at Palmer House Hilton in Chicago, totaling 21,150 square feet. The New York-based urban real estate development, leasing and management firm acquired the storied hotel in 2005.
Women’s clotheing and accessories brand New York & Company has secured approximately 18,700 square feet on the ground and second levels, returning to State Street after several years away from the corridor. In addition, women’s shoe company Naturalizer leased 1,900 square feet and Luxe Barber and Shave Lounge is taking approximately 560 square feet of space.
“Both New York & Company and Naturalizer were attracted to the Palmer House Hilton’s prime location and strong foot traffic on State Street, which is continuing to grow in popularity as a retail destination,” said Joseph Sitt, CEO of Thor Equities.
The retail collection at Palmer House totals approximately 60,000 square feet on two levels. Additional stores include Kay Jewelers, Skechers, Aldo, Starbucks, Freshii, Merz Apothecary and Sugar Bliss Patisserie.
Located in downtown Chicago, the Palmer House Hilton features 1,639 guest rooms and suites with modern conveniences, as well as five levels of meeting space totaling over 100,000 square feet. The historic property is located two blocks from Macy’s and near the Art Institute of Chicago, Chicago Symphony Center and Willis Tower, among other popular destinations.
In addition to the Palmer House, Thor Equities owns a number of properties throughout Chicago including 800 W. Fulton Market, 905 W. Fulton Market, 942 W. Fulton Market, 1003 W. Fulton Market and 1229 W. Randolph Street in the West Loop, as well as 36 S. State Street.