{"id":1004023491,"date":"2010-09-30T08:16:10","date_gmt":"2010-09-30T16:16:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004023491"},"modified":"2022-12-04T03:02:08","modified_gmt":"2022-12-04T11:02:08","slug":"grosvenor-leases-50k-sf-in-chicago-to-london-based-topshop","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/grosvenor-leases-50k-sf-in-chicago-to-london-based-topshop\/","title":{"rendered":"Grosvenor Leases 50K SF in Chicago to London-Based Topshop"},"content":{"rendered":"<p>September 30, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004023492\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Armando-Maynez.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004023492\" data-attachment-id=\"1004023492\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/grosvenor-leases-50k-sf-in-chicago-to-london-based-topshop\/armando-maynez\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Armando-Maynez.jpg\" data-orig-size=\"500,332\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Armando Maynez\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user Armando Maynez&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Armando-Maynez.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Armando-Maynez.jpg\" alt=\"\" title=\"Armando Maynez\" width=\"300\" height=\"199\" class=\"size-medium wp-image-1004023492\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Armando-Maynez.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/09\/Armando-Maynez.jpg?resize=300,199 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004023492\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user Armando Maynez<\/p><\/div>\n<p>Is retail still in a slump? Not according to Grosvenor Americas, which inked a 50,000-square-foot lease on Chicago\u2019s Magnificent Mile. London-based fashion retailer Topshop will occupy four levels within the 126,000-square-foot property at 830 Michigan Avenue. The location is slated to open next year.<\/p>\n<p>The property, which was acquired by Grosvenor in 1993, was built in 1947 and renovated in 1994. Other tenants include Columbia Sportswear, Filene\u2019s Basement, Borders and Ghiradelli Chocolates.<\/p>\n<p>Grosvenor was represented by Stanley Nitzberg of Mid-America Real Estate Corporation, while Robert Cohen of Robert K. Futterman &amp; Associates represented Topshop. The retailer currently occupies 90,000-square-foot flagship space in London\u2019s Oxford Circus, with 310 stores in the United Kingdom and more than 130 in other countries. Its United States flagship store encompasses 60,000 square feet in New York.<\/p>\n<p>According to Grosvenor chief portfolio officer Michael Beattie, the store will draw shoppers from across the globe. Grosvenor maintains offices in 17 cities worldwide, with five regional investment and development businesses in the United Kingdom and Ireland, the Americas, Continental Europe, Australia, and Asia Pacific. As of year-end 2009, the assets totaled $16.4 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is retail still in a slump? Not according to Grosvenor.<\/p>\n","protected":false},"author":936,"featured_media":1004023492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,21749],"tags":[],"class_list":["post-1004023491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Grosvenor Leases 50K SF in Chicago to London-Based Topshop - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/grosvenor-leases-50k-sf-in-chicago-to-london-based-topshop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grosvenor Leases 50K SF in Chicago to London-Based Topshop\" \/>\n<meta property=\"og:description\" content=\"Is retail still in a slump? 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