Cushman & Wakefield, a leading commercial real estate firm, has successfully secured a 30,000-square-foot building located at 219 N. Paulina St. for Padel Chicago LLC. This will serve as the city’s first-ever Padel Club.
The lease negotiations were handled by Chip Evans from Cushman & Wakefield on behalf of the main investors – Lakeshore Sport & Fitness (LSF) and Fabian Gosselin – with building owner Walnut Street Properties. LSF is known for its large multi-sport facilities featuring various activities such as tennis, pickleball, racquetball, squash, swimming and basketball while Gosselin is an experienced venture capital investor in Chicago with a family background in global hospitality and restaurant business.
According to Gosselin,”Chicago is perfectly positioned for further growth given its strong interest in areas like New York City,San Francisco,and Florida.” The new location of Padel Chicago LLC will open in 2025 offering state-of-the-art indoor courts.”The West Loop area near Fulton Market was chosen due to its ideal location for our first club,” said Evans who serves as Director at Cushman & Wakefield’s office based out of Chicago.
This deal marks another milestone achievement by Cushman &Wakefield which continues to expand their presence across major cities including New York City,San Francisco,Texas,and Los Angeles.The initial launch date has been set for year-end2025and this project promises an exceptional experience through modern amenities offered exclusively at this prime location situated on North Paulina Street.This news was originally published on Connect CRE website.
