CIM Group and Golub & Company Bring Flagship Foxtrot Market to Chicago’s The Shops at Tribune Tower on the Magnificent Mile

CHICAGO–(BUSINESS WIRE) – CIM Group and Golub & Company announced today that they have signed a lease with Foxtrot, the corner store, coffee shop and delivery market, for 1,739 square feet of retail space in The Shops at Tribune Tower in Chicago, Illinois.

Launched in 2013, Foxtrot is redefining convenience for the modern consumer by bringing together the best of neighborhood retail and e-commerce technologies. The shops offer an all-day café experience with culinary delights as well as a selection of staple foods, wines curated by the sommelier and local goods that you can enjoy in the shop and conveniently pick up in 5 minutes and deliver in 30 minutes powered by the Foxtrot app . The Chicago-based company currently has 15 locations, including 10 stores in Chicago, three in Washington, DC, and two in Dallas, Texas, with plans for further expansion across the country.

“We’re excited to bring our local corner shop and café to such an important building and neighborhood in Chicago. The Tribune Tower’s rich history, iconic architecture, and prime location, coupled with recent renovations and the new public space, make this an exciting destination to be part of. We look forward to welcoming everyone from Tower residents to locals working nearby to tourists exploring the city for the first time, ”said Mike LaVitola, Co-Founder and CEO of Foxtrot.

The Foxtrot at The Shops at Tribune Tower at 429 N. Michigan Avenue will be a multipurpose space designed to create the neighborhood café experience that includes a special patio in front of the 1.5-acre public park at Pioneer Court. The location will feature expanded grab-and-go deals alongside a range of cafe items, carefully curated snacks, and everyday items that the brand has become known for. The opening for Foxtrot in The Shops at Tribune Tower is planned for spring 2022.

“Foxtrot is a community based retailer bringing a modern market to this busy location on the Magnificent Mile. It benefits everyone in the neighborhood, including residents, office workers and visitors, and is an ideal addition to our shops in the Tribune Tower, ”said Shaul Kuba, Co-Founder and Director of the CIM Group.

Foxtrot’s location is directly adjacent to the Museum of Ice Cream at the soon-to-be-completed Pioneer Court, a public space that the CIM Group and Golub & Company have redesigned as a more inviting and actively designed community space in a park-like setting with the Apple flagship store, the attracts many visitors to its dramatic and creative space on the river. Pioneer Court creates a natural outdoor extension of The Shops at Tribune Tower, providing an expansive public space, event space and viewing corridor that connects the city, its people and the shops in an ongoing development of the Magnificent Mile.

The Shops at Tribune Tower consists of 50,000 square feet of ornately designed retail space that anchors the ground floor of the iconic 36-story, 740,000-square-foot neo-Gothic Tribune Tower at 435 N. Michigan Avenue. The tower has been converted into 162 luxury condominiums that have welcomed their first residents. The Shops at Tribune Tower expand the shopping and pedestrian engagement on this increasingly popular section of Michigan Avenue – the Magnificent Mile.

The Tribune Tower is a Chicago landmark that was originally built in 1925. Since purchasing the property in 2016, CIM Group and Golub & Company have maintained the building’s historic integrity while undertaking a repositioning that adds to the overall vibrancy and value of the area. The Tribune Tower is ideally located on Chicago’s Magnificent Mile, near a variety of public transportation, including CTA lines, which provide easy access to O’Hare and Midway International Airports.

In addition to the Tribune Tower, Chicago real estate’s CIM portfolio includes 444 N. Michigan Ave., the 36-story, 517,000-square-foot Class A office building with 6,700 square feet of retail space on Main Street at the foot of the Magnificent Mile; Block 37, the 275,000-square-foot five-story retail center in Chicago’s Loop; mixed-use homes at 237 and 1643 N. Milwaukee Ave .; Paragon, a gated community at 1326 S. State St .; and the 1550 On the Park condominium complex.

About the CIM group

CIM is a community based real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought value on projects and positively impacted the lives of people in communities across America by donating more than $ 60 billion in major real estate and infrastructure projects. The diverse team of experts at CIM applies its broad knowledge and disciplined approach to the practical management of real estate from due diligence through operation to sale. CIM strives to make a meaningful difference in the world by implementing key environmental, social and governance (ESG) initiatives and improving every community it invests in. Further information is available at www.cimgroup.com.

About Golub & Company

Since its inception in 1960, Golub & Company, with three generations of professionals in the industry, has built a reputation as a trusted co-investor and developer with its many institutional and private capital partners. It’s a reputation based on a track record; Golub and its affiliates own, lease or manage more than 50 million square feet of commercial, mixed-use, and multi-family real estate, including 45,000 residential units valued at over $ 10 billion in the US and internationally. More information is available at www.golubandcompany.com.

About foxtrot

Foxtrot is redefining convenience for the modern consumer, combining the best of neighborhood retail and e-commerce technology to create a community of discovery. The spaces offer the most popular aspects of neighborhood cafes and you can turn to the Foxtrot app or website to have the best merchandise in town delivered in 30 minutes and picked up in 5 minutes – from local beers and fine wines to from Chef prepared meals and everyday items. Foxtrot also offers the best of its favorite foods, merchandise and curated gifts for national shipping through Foxtrot Anywhere.

There are currently 15 Foxtrot locations in Chicago, DC and Dallas with plans to continue expanding in both existing and new markets. For more information, visit foxtrotco.com or download it from the App Store.

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