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The New Brew in Town

CHICAGO-Coffee franchiser Saxbys Coffee & Tea signs a 10-year lease in Chicago's West Loop. It marks the first of eight leases in the city.

By Dana Dubriwny | Updated on April 27, 2005

CHICAGO-Colorado-Based Saxbys Coffee & Tea recently signed a 10-year, 1,000-sf lease at 180 N. Jefferson. Located in the West Loop’s Fulton River District on Jefferson and Lake streets, the recently completed building stands at 28 stories and offers 274 rental units, a 279-car parking garage and 7,800 sf of retail space on the ground floor. The building also sits adjacent to the new CTA headquarters, which is estimated to employ more than 1,000 workers.

Lisa Carolan, an associate with CB Richard Ellis who worked on behalf of 180 N. Jefferson, says the Saxbys’ long-term commitment gives further evidence to the West Loop’s renaissance, as well as the company’s dedication to growth in the Chicago market.

The coffee retailer pledges to conquer the java market by way of franchised stores. According the company’s website, the company believes “that through franchising we will become the largest gourmet coffee chain in America by 2010.”

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