Los Angeles -- CIM Group announced the acquisition of Block 37, a five-story retail center located on the State Street retail corridor in Chicago’s Central Loop.
Block 37 is located directly across the street from Macy’s State Street. It is also in the heart of Chicago’s State Street retail corridor, which boasts a significant concentration of National Historic Landmark, National Register of Historic Places and Chicago Landmark designated buildings and attracts millions of local customers and tourists every year.
The 275,000-sq.-ft. center is occupied by premier retail tenants such as Anthropologie, Sephora, Disney, Eileen Fisher, Zara, Magnolia Bakery, and Puma. With the retail center at approximately 30% leased, CIM plans to lease the balance of the building to national and local retailers.