Chicago & Midwest + Downtown + Retail | June 9, 2021

Starbucks Signs First Retail Lease at Parkline Chicago

Starbucks Corporation has leased 2,000 square feet of retail space on the ground floor of Moceri + Roszak’s newest building, Parkline Chicago, in the Loop. The specialty coffee retailer has signed on at the 214-unit rental/condominium tower’s first retail tenant.

“This will be a wonderful amenity for our residents and their guests, as well as an asset to the numerous downtown office employees, tourists and others who pass this intersection daily,” said Thomas Roszak, partner of Moceri + Roszak.

Slated to open in September, the Parkline Starbucks will offer outdoor seating along Wabash Avenue along with an indoor café.

Along with the Starbucks store, a 1,000-square-foot retail space is under consideration for lease, while 3,400 square feet of ground-floor space remains available and can be custom divided and fitted for multiple uses. Baum Realty Group’s Allen Joffe and Doug Renner are handling the leasing.

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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 13-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 15-20 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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