December 2022 Newsletter

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Big Energy Holiday Newsletter Some years, companies give out gift baskets for the holidays. Other years, its the good and trusted greeting card. For CP, one thing we have consistently done each year is this newsletter. For those who are just joining us, please click here for an archive of all previous newsletters.  Closing out 2022 has been a whirlwind in itself with two massive closings within the same month. The first being 815 W. Armitage for our highest dollar per square foot leased to date and the second with 5041 N. Western for our largest square footage lease deal on CP's books. Both to national tenants! Not to mention the epic hiking trip we had coincidentally planned for the W trek in Patagonia, Chile soon after. Actually, this all occurred within 10 days of each other - talk about big energy. Kris and I in the French Valley. Torres Del Paine CP is all about that momentum rolling into 2023. We planned well and underwent a Cost Segregation Analysis on our new home/investment property that we purchased in May. Now we can decrease the tax burden on the growth we realized this year, and most importantly, realize the full benefit when there is sill 100% bonus depreciation. Note: this amount will drop each subsequent year by 20%, until bonus depreciation sunsets in 2027 (unless Congress acts to extend it). Please email Kris@coordinateproperties.com with your questions on all matters tax. One of the above deals was actually for the retail storefront below our offices. It was previously occupied for 35 years by a clothing consignment shop. We welcome the fresh feeling of change, a new build out, and another stop that shoppers will have when they visit the Armitage/Halsted corridor. Frankly we are flattered by the unprecedented amount of offers submitted to lease the space - more than we have ever experienced on a listing. We feel lucky to be here! Other New Additions to 815 W Armitage Photo of new light-box sign before it is installed in the front courtyard. We wanted to upgrade our existing blade sign by adding a descriptive caption in case pedestrians were wondering what the business on the second floor was. Plus it is a nice tie in to all the other businesses on the block! Photo of new bench in our front courtyard and a close up of the plaque in memoriam of our OG client who left us 2 years ago. We would not be at this location if it were not for Dr. Stamelos and his intuition which led him to buy this property at a time when people steered clear of this corner and neighborhood. Read more on significance of this property to our family here and more about Spiros here. Featured Listing of the Month 2500 N. Ashland Ave, Chicago, IL 60614 AVAILABLE FOR LEASE Fabulous Restaurant Opportunity situated in the upscale iconic neighborhood of Lincoln Park Chicago.  Located ON THE CORNER of Ashland & Altgeld, 2500 N Ashland Ave offers unbeatable brand exposure to over 40,000 passing vehicles daily.  Lincoln Park neighborhood is home to a population which has the highest median income in Chicago.  The space comes turnkey with no upfront key money, no significant buildout required and eligible for a liquor license + sidewalk café. Equipped with a 10 foot black iron hood and extra large walk in cooler in the basement below the bar area (perfect to store kegs for beer tap). 2500 N Ashland Ave is an irreplaceable space in the heart of one of Chicago’s most iconic neighborhoods.  Whether you are starting from scratch or opening additional locations, you’re not going to want to miss seeing this space.  It has all the right Lincoln Park vibes! THE SECOND CITY'S BEST OF THE HOLIDAYS We guarantee yule laugh a whole latke as The Second City unwraps the most wonderful time of the year in our nut-cracking-est, jingle-bell-ing-est revue ever! Celebrate over sixty years of sketches, songs, and comedic conviviality as the next generation of comedy superstars perform our greatest holiday hits. Plus, The Second City’s famous improvisation means every show is like a snowflake: no two are alike--or are impervious to climate change.   2 HOURS | 15 MIN INTERMISSION | PERFORMANCE TIMES| MONDAYS AT 8 PM SATURDAYS SUNDAY 7 PM For Tickets and more information Click Here Kris and I will be there for Saturday's show! There are hidden gems, then there are diamonds...   info@coordinateproperties.com (847) 409-4900 © Coordinate Properties 2022 ¦ All Rights Reserved by Coordinate Properties Coordinate Properties is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.  Our mailing address is: 815 W Armitage, Second Floor, Chicago, IL 60614 Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.