Lincoln Park's Equinox Facility Sells for $13M

The fitness and daycare center was able to attract an overseas buyer.

CHICAGO-A private investor recently completed the sale of a two-tenant net leased property at 1750 N. Clark St. in Chicago’s Lincoln Park neighborhood. The property includes an Equinox Fitness Facility and Kids & Company daycare. A private European buyer,closed on its $13 million purchase on April 4, 2016.

Peter L. Block, executive vice president, and associates Jared Prince, Michael Sullivan, and Jason  Yale, all with the investment services group of Colliers International | Chicago, represented the seller. Eddy Pohn and Cyd Archer of Coldwell Banker represented the buyer.

The three-story facility is located at Clark St. and LaSalle Dr., directly across the street from Lincoln Park. It is a renovation of a 37,095-square-foot loft. It is also Equinox’s largest Chicago location and features exposed brick walls, raw concrete detailing, vaulted skylight ceilings, and panoramic views of both Lincoln Park and Lake Michigan. Kids & Company, an early learning center with 77 locations across Canada and the US, will include a commissary at the site and serve all Chicagoland sites.

1750 N. Clark Street sits adjacent to the boutique Hotel Lincoln, which sold in the first quarter for $70 million, or $380,000 per room. 

“We were pleased with the level of interest in this property and the transaction terms we were able to achieve,” says Block.  “World-class properties in the most premier location imaginable are rarely brought to the open market and it represented a truly unique opportunity.”