Avison Young negotiates long-term lease for a balloon design services company in Chicago20 Sep 2021
Fully restored building in Bucktown adds to the growing work and play trend
Chicago, IL – Avison Young today announced that it has negotiated a long-term lease of a 7,000 square- feet flexible space on behalf of Luft Balloons located at 2300 W Fullerton Avenue in Chicago, IL.
Luft Balloons, the tenant, was represented by Avison Young’s Konstantine Sepsis, a Principal based in the firm’s Chicago office. Luft Balloons occupies the entire building.
“Due to the size and nature of LUFT Balloon’s product, they needed more space for product construction along with an easy pickup location for customers,” said Sepsis. “This pocket along Fullerton is a hidden gem of industrial/retail just off the busy, revamped corridor of Fullerton/Damen/Milwaukee.”
The manufacturing building has been vacant 20 years and was the former home of Berteau-Lowell Plating Works. Since 1946, Berteau-Lowell Plating Works used to plate metals including silver, copper, zinc and nickel at this location. The building was constructed in 1930 and has since been fully restored with polished concrete floors, a refurbished truss arch ceiling and a secured 20-car parking lot.
“Luft Balloons is deeply committed to strengthening community,” said Elaine Frei, owner of Luft Balloons. “This new space allows us to grow and bring the joy to all of Chicago. We are excited to plant our HQ roots in the Bucktown area.”
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2021 winner of the Canada' s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for ten consecutive years.
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