Monos, a lifestyle brand focused on sustainable travel, has secured a 10-year lease for a retail space in The Dylan at 160 N. Morgan in Chicago’s Fulton Market neighborhood. The development is a 30-story building that includes both residential and retail spaces.
The deal was negotiated by CBRE’s Phil Golding, Todd Siegel, Kim Wiskup and Gianna Bianconi on behalf of Monos. Sterling Bay Principal Jess Brown commented on the popularity of the area and its consistent foot traffic as evidenced by the speed of leasing across all types of properties.
Monos plans to open their new store in Spring 2025 with an impressive size of 2,800 square feet. Developed through collaboration between Ascentris (a Denver-based real estate private equity firm) and CIBC Bank alongside Sterling Bay who broke ground on The Dylan back in March 2022 before delivering it to market just over one year later in October
of
2023.
By August
of
2024,
the property had stabilized with all units leased except for three percent.
At Connect Industrial Midwest event taking place Wednesday afternoon March fifth at Joe’s Live located within Rosemont IL Michael Brennan will be honored with Connect CRE’s Lifetime Achievement Award while also participating as part keynote interviewee along side Kevin Brennan from Brennan Investment Group! Don’t miss this exclusive presentation!
