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Orangetheory Expands Chicago Footprint with Loop Facility

Orangetheory Fitness leased 4,000 square feet on the second floor of 155 N. Michigan Ave. in the Loop. It’s set to open in January 2020.

NKF’s Larry Kling represented Orangetheory in site selection analysis and lease negotiations for the new location. Kling represents Orangetheory’s real estate interests in Illinois, and has arranged more than 40 leases for the fitness franchise since 2012.

“Orangetheory wanted to expand its Chicago footprint to cater to customers who work and live in and around the Loop, as well as to tourists who have a membership to Orangetheory in another market,” said Kling.

“Michigan Avenue is a place where local residents and visitors from around the world come to experience the city, so it was a perfect fit. However, storefronts on Michigan Avenue are in high demand, and therefore very competitive to get a space in this prime location,” he added.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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