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News release

Chicago, IL.

Retail space at 19 CTA train stations now available for lease

Jones Lang LaSalle marketing prime locations at stations including North & Clybourn, Fullerton, Wilson and UIC/Halsted


CHICAGO, April 4, 2011 — The Chicago Transit Authority and its exclusive real estate services provider, Chicago-based Jones Lang LaSalle, announced today that a variety of prime retail/concession spaces at 19 CTA train stations throughout the city are now available for lease. 

The spaces, which total approximately 16,500 square feet, are located inside or adjacent to CTA stations in both residential and commercial districts on the North, South and West sides, and in Evanston.
 
The stations with space available for lease are:

- North & Clybourn Station (Red Line) - 1599 N. Clybourn – 650 square feet

- Fullerton Station (Red Line) - 943 W. Fullerton St. – 364 square feet

- Jefferson Park Station (Blue Line) - 4917 N. Milwaukee Ave. – 240 square feet

- Ashland Station (Orange Line) – 3011 S. Ashland Ave. – 324 square feet

- UIC/Halsted Station (Blue Line) – 430 S. Halsted St. – 97 square feet

- Wilson Station (Red Line) 4620 N. Broadway – 8,775 and 2,432 square feet

- Jackson/Van Buren Station (Red/Blue Lines) – 312 S. State St. – 175 square feet

- Cottage Grove Station (Green Line) – 800 E. 63rd St. – 90 square feet

- 54th/Cermak Station (Pink Line) – 2134 S. 54th Ave. – 345 square feet

- Central Station (Purple Line) – 1022 Central Ave., Evanston – 1,100 square feet

- Irving Park Station (Blue Line) – 4131 W. Irving Park Road – 54 square feet

- LaSalle Station (Blue Line) – 150 W. Congress Parkway – 115 square feet

- Montrose Station (Brown Line) – 1817 W. Montrose Ave. – 55 square feet

- Wellington Station (Brown Line) – 945 W. Wellington Ave. – 88 square feet

- King Drive Station (Green Line) – 400 E. 63rd Street – 80 square feet

- Central Park Station (Pink Line) – 1906 S. Central Park Ave. – 465 square feet

- Howard Station (Red Line) – 1649 W. Howard St. – 300 square feet

- Lake Station (Red Line) - 188 N. State St. – 120 square feet

- Roosevelt Station (Red Line) – 1167 S. State St. – 347 square feet
 
The CTA and Jones Lang LaSalle will also roll out additional available properties over the next several months.

“Attractive concession spaces and storefronts contribute to a positive image of public transportation and are an important source of revenue for the CTA,” said Joe Harmening, CTA’s Director of Infrastructure Support.  “Streamlining the process by which retail and concession space is leased moves us closer to our goal of transforming these spaces into true amenities for our customers and the communities we serve.”

The new leasing assignment is the result of an ordinance amendment approved last week by the CTA Transit Board that allows retail/concession space on CTA property to be marketed for lease on the open market. The new process better aligns the CTA’s leasing process with practices common in the private sector retail leasing industry.

Jones Lang LaSalle has served as the CTA’s exclusive real estate services provider since 2008.

For more information on these spaces, please visit the CTA real estate website at www.ctarealestate.com.  There you can register for alerts when properties are listed for rent or download marketing sheets and leasing applications for existing properties on the market.
 
About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.