A few days ago Tishman Realty announced that it had signed Champs Sports as the anchor tenant for the renovated building at 100 South State Street.
In a previous life, 100 South State was the Amalgamated Bank Building – a dark glass cube that sat lurking on the southwest corner of State and Monroe. It was bad enough that the building got hardly any sunshine because of its towering neighbors, the Palmer House Hilton, The Citadel Center, and 33 West Monroe. Its own facade made things worse by being the same shade of black that sucks up the light like a fat beagle goes through Puppy Chow.
Then last year, Mid-America Real Estate started the process of combining 100 South and 112 South into a single 70,000 square-foot retail building.
With Tishman’s announcement that Champs will be moving into the new space in a matter of days came a new rendering of the completed building (above), which shows a lighter, brighter collar around the ground floor and some illuminated retail logos to lighten up the joint.
One interesting point in the paperwork for this project is that a permit issued in March of 2016 includes not only the gut renovation of this building, but also “INCLUDE A NEW 5 STORY ADDITION (23,786) ON EXISTING FOUNDATIONS.”
That addition is the south wing of the building, which used to be 112 South State Street. On its own, it was a 15,000 square-foot retail space. After being completely torn down and re-built as an addition onto number 100, it manages to squeeze 23,000 square feet out of the same space.
Read more about the project in the press release below.
CHICAGO — Tishman Realty today announced the signing of a 16,037 square foot lease with Champs Sports, a division of athletic apparel retailer Foot Locker, at the newly redeveloped 100 S. State Street in Chicago’s famed Loop neighborhood. Champs Sports will occupy 7,227 square feet on the ground floor and 8,810 square feet on the second floor. Champs Sports will take control of the space in mid-October.
Tishman recently announced that WeWork, the leading office co-working company in the world, will occupy 43,200 square feet of office space on the third, fourth and fifth floors of the building. There is currently 9,900 square feet of remaining retail space in the building (5,500 square feet on the ground floor and 4,400 square feet on the second floor) at the hard corner of State and Monroe Streets. That space is being marketed by Mid-America Real Estate Group Principal Paul Bryant and Andrew Becker.
“Bringing yet another high-profile tenant to 100 State Street is a testament not only to the appeal of this iconic building but also to the vibrancy of the Loop,” said Jason Blum, Vice President of Tishman Realty Corporation based in Chicago. “The leasing success at this property is a direct result of the fact this shopping corridor provides unique branding opportunities, close proximity to the Red Line, and robust office, residential, student, and hotel guest traffic.”
In March 2015, Tishman Realty together with AXA Investment Managers – Real Assets, purchased the iconic former home of Amalgamated Bank at 100 S. State Street along with 112 S. State Street next door. The full re-development project includes a gut renovation of 100 S. State Street and a tear-down and rebuild of 112 S. State Street to create one unified 70,000 square foot building.