(CHICAGO) – Co-developers Hines and McCaffery Interests are pleased to announce that Compass has executed a lease at the new mixed-use development, Lincoln Common. The innovative residential real estate firm will lease 24,261 square feet on floors three and four of the loft office building at Lincoln Common.
Located at the vibrant intersection of Lincoln, Fullerton and Halsted, Lincoln Common will serve as a new crossroads of the Lincoln Park neighborhood, offering a dynamic live-work-play environment, just two blocks from the Fullerton “El” station. Designed by Antunovich Associates in collaboration with Skidmore, Owings & Merrill, the project includes the adaptive reuse of several historic structures and will consist of 538 modern apartment homes within two brilliant new buildings; 94,000 square feet of exciting dining and retail space; 47,000 square feet of boutique loft office space; and 40 for-sale condominiums. Lincoln Common will also provide the community with 67,000 square feet of open public and park space.
“We are so excited for our new home in Lincoln Common! This modern space in the Lincoln Park neighborhood is the perfect flagship for our agents and employees to continue to push the needle forward in Chicago,” stated Rachael Rohn, General Manager with Compass.
Hines Senior Managing Director Greg Van Schaack stated, “We are thrilled to welcome Compass to Lincoln Common, an ideal location for businesses looking to elevate their brand within one of the most prestigious neighborhoods of Chicago.”
Compass is a real estate technology company with a powerful end-to-end platform that supports the entire buying and selling workflow. We deliver an incomparable experience to both agents and their clients all in service of the Compass mission: to help everyone find their place in the world. Founded in 2012 by Ori Allon and Robert Reffkin, Compass operates in cities across the United States including: New York, Los Angeles, Chicago, San Francisco, Seattle, Philadelphia, San Diego, Washington, D.C., Dallas, Austin, Houston, Nashville, Atlanta, Boston, Miami, Aspen, Orange County, Westchester, Santa Barbara, Montecito, Marin, Greenwich, Naples, Tahoe, Telluride and The Hamptons. Learn more and find your place at compass.com/careers and agents.compass.com.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 207 cities in 24 countries. Hines has approximately $116.4 billion of assets under management, including $64 billion for which Hines provides fiduciary investment management services, and $52.4 billion for which Hines provides third-party property-level services. The firm has 109 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,319 properties, totaling over 431 million square feet. The firm’s current property and asset management portfolio includes 527 properties, representing over 224 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
About McCaffery Interests
McCaffery Interests is a privately owned, full-service commercial real estate company that has been in the business of investing, developing, leasing, and managing real estate for nearly 30 years. The McCaffery Interests portfolio of planned, completed and managed projects exceeds 20 million square feet and includes office, mixed-use, hotel and residential properties, as well as large, master-planned communities and land developments. With offices in Chicago, Washington, DC, Denver, and Pittsburgh, and controlled assets and completed developments valued in excess of $2 billion, McCaffery Interests is one of the most trusted real estate companies in the nation. Please visit www.mccafferyinterests.com for more information.