819-823 W Eastman St
Chicago, IL 60642

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee- simple interest in 821 West Eastman Street (the “Property”, “Investment”), a 100% leased retail investment located in Chicago’s Clybourn Corridor neighborhood.
The Property is anchored by the British International School of Chicago (BISC), occupying 65% of the rentable square footage. With 17 years remaining on its lease, BISC operates on a favorable ‘net’ lease structure that requires the tenant to reimburse for all operating expenses. BISC is operated by Nord Anglia, headquartered in London, which owns more than 80 schools worldwide, including two in Chicago (Lincoln Park and South Loop). The Property’s other tenants are Bright Horizons, a leading provider of early education and pre-schooling that has occupied the space since 2007, and Hill Family Pet Care, offering a variety of pet services including daycare, boarding, grooming, and training. Both reimburse for their share of operating expenses and have 5 and 3.5 years remaining on their leases, respectively.
The Property benefits from its position in a robust commercial corridor, an exciting entertainment district, and a rapidly developing housing market. The Clybourn Corridor submarket encompasses an extremely diverse tenant mix whose businesses span a wide spectrum of industries including food, clothing, grocery, entertainment, education, performing arts, healthcare, and more. Notable retail tenants in the area include Whole Foods, Apple, REI, lululemon, Dick’s Sporting Goods, Nordstrom, and Sephora. Furthermore, the Property benefits from its proximity to a variety of public transit options, including the CTA Red Line and bus routes #8, #70, and #72.
The Property features premium demographics, surrounded by some of Chicago’s wealthiest neighborhoods. Within 1-mile, demographics include an average household income of $148,000+, an average home value of $492,000+, and a total population of 70,424.