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The firm, which signed a lease for more than 331,000 square feet in January 2019, inked a lease expansion for 108,343 square feet at the recently completed development at 2075 W. 43rd St.
Brokerage firm JLL worked on behalf of LeCesse Development Corp. and MAS Development Group to secure a $55-million construction loan through Citizens Bank and Lakeland Bank for the Vinty.
The Irvine, Calif.-based firm has entered into an exclusive partnership with MTN Retail Advisors, a grocer-specialized data collection and analytics provider.
The deal involves the purchase of the nine-building Shadeland Commerce Center that totals 1.7 million square feet as well as a 353,000-square-foot building.
With the acquisition, Marquee Brands will diversify its women's fashion division and add scale to its directly managed e-commerce platform. Marquee Brands currently operates across women's fashion, men's fashion, active & outdoor and home & food divisions.
The brokerage firm states the property sold for $5.575 million, which calculates out to $179,839 per unit, which was the highest price per unit for a single property in Kenwood in the last 10 years, according to CoStar data.