Deka Immobilien Acquires Fulton Market Trophy Asset
The new, class-A office property was acquired from Thor Equities. Cushman & Wakefield arranged the transaction.
CHICAGO, IL – Deka Immobilien has acquired the new, 98,000-square-foot, class-A office building, 905 W. Fulton Market in Chicago, from Thor Equities. Cushman & Wakefield’s capital markets team arranged the transaction.
Deka Immobilien has selected Cushman & Wakefield to provide property management and retail agency leasing services for the building. Cushman & Wakefield’s executive managing director, Greg Kirsch and associate, Sarah Delisi will lead retail leasing for the property. Kelly Thiede and Nicole Peters of Cushman & Wakefield will lead property management.
Managing directors, Mark Baby and Ben Cleveland of Cushman & Wakefield, worked with Thor Equities to prelease the property’s office space. The preleasing activity included securing more than 80,000 square feet of office space for Mondelez International’s global headquarters.
Mondelez International additionally leased more than 6,500 square feet of retail space on the property’s ground floor. The ground floor retail space is also tenanted by Chicago hospitality and events company, Dineamic Hospitality.
905 W. Fulton Market, located on the corner of West Fulton Market and North Peoria Street, features an historic façade and modern glass design, as well as a landscaped terrace and green roof.
DekaBank is the securities services provider of the German Savings Banks Finance Group. Forming Deka Group with its subsidiaries, the group holds 313 EUR billion in total customer assets and around 4.8 million securities accounts. The group’s two investment companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH, manage and service around 40 EUR billion in real estate assets.
