{"id":1004230148,"date":"2018-05-17T05:23:08","date_gmt":"2018-05-17T13:23:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004230148"},"modified":"2022-12-08T21:11:18","modified_gmt":"2022-12-09T05:11:18","slug":"boxcar-bettys-coming-to-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boxcar-bettys-coming-to-chicago\/","title":{"rendered":"Boxcar Betty\u2019s Coming to Chicago"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004230150\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/500-W.-Madison-St.-Chicago.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004230150\" data-attachment-id=\"1004230150\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/boxcar-bettys-coming-to-chicago\/500-w-madison-st-chicago\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/500-W.-Madison-St.-Chicago.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"500 W. Madison St., Chicago\" data-image-description=\"&lt;p&gt;500 W. Madison St., Chicago&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;500 W. Madison St., Chicago&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/500-W.-Madison-St.-Chicago.png?w=800\" loading=\"lazy\" class=\"wp-image-1004230150 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/500-W.-Madison-St.-Chicago.png\" alt=\"500 W. Madison St., Chicago\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/500-W.-Madison-St.-Chicago.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/500-W.-Madison-St.-Chicago.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/500-W.-Madison-St.-Chicago.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004230150\" class=\"wp-caption-text\">500 W. Madison St., Chicago<\/p><\/div>\n<p>South Carolina\u2019s fried chicken restaurant Boxcar Betty\u2019s will be opening its first Chicago location. The retailer has leased 1,725 square feet at 500 W. Madison St., in an area which is home to one of the busiest commuter stations in the nation. The new store will be Boxcar Betty\u2019s first location outside of its home state.<\/p>\n<p>Completed in 1987, the 40-story Citigroup Center encompasses approximately 1.5 million square feet. It is LEED Gold certified and has been recently renovated, including its 78,000-square-foot retail component, The Marketplace at 500. According to Yardi Matrix data, KBS Realty Advisors bought the office tower in 2013 from GE Capital Real Estate for $425 million.\u00a0In 2017, the owner refinanced it through a three-year, <a href=\"https:\/\/www.commercialsearch.com\/news\/kbs-reit-snares-1b-financing-commitment\/\">$1 billion financing commitment<\/a> consisting of a $757.5 million term loan, the largest financing in KBS\u2019s history.<\/p>\n<p>The property is located in a transit-oriented area, adjacent to Metra\u2019s Ogilvie Transportation Center, which sees more than 115,000 commuters daily. In addition to Boxcar Betty\u2019s, there are 21 other restaurants operating at this location, including Arby\u2019s, American Wildburger, McDonald\u2019s and Pizza Hut.<\/p>\n<p>CBRE\u2019s Vice President Phil Golding represented the tenant in the transaction, while Senior Vice President Todd Siegel and Associate Kimberly Wiskup worked on behalf of the landlord.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE\u2019s Phil Golding negotiated the lease on behalf of the tenant, while Todd Siegel and Kim Wiskup represented the landlord, KBS Realty Advisors. <\/p>\n","protected":false},"author":1064,"featured_media":1004230150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21743,13,21742,21749],"tags":[32789,35334,32779],"class_list":["post-1004230148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-deals","category-midwest","category-latest","category-retail","tag-cbre","tag-kbs-realty-advisors","tag-leed"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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