S A L T D I S T R I C T ∆ C H I C A G O
A New
Destination
WITH AN OLD SOUL
Icon in the Making
FIRST OF ITS KIND OFFERING IN THE NEAR NORTH OFFICE MARKET
1308 North Elston, a former light-fixture factory, has been transformed into a world-class working environment.
With full floor and half floor opportunities in a high profile building visible to 400K+ commuters daily, this Class-A office location is sure to become an iconic landmark along the Kennedy Expressway.
N WE ST ER N AV E N H A LS T E D S T R E ET
N EL ST ON AV EN UE
W D IVI S I O N ST N M
ILW AU
KEE AV
E
90
94
A L O N G I - 9 0 / 9 4
325,200
Cars per Day
O N U N I O N P A C I F I C N O R T H &
N O R T H W E S T L I N E S
84,163
Riders Per Day
O N C T A B L U E L I N E
73,952
Riders per Day
F U T U R E E N T E R TA I N M E N T/
C O N C E R T V E N U E
Morton Salt Development
High profile building in an easily
accessible location away from
the congestion of downtown.
N WE ST ER N AV E N H A LS T E D S T R E ET
N EL ST ON AV EN UE
W D IVI S I O N ST N M
ILW AU
KEE AV
E
90
94
A L O N G I - 9 0 / 9 4
325,200
Cars per Day
O N U N I O N P A C I F I C N O R T H &
N O R T H W E S T L I N E S
84,163
Riders Per Day
O N C T A B L U E L I N E
73,952
Riders per Day
F U T U R E E N T E R TA I N M E N T/
C O N C E R T V E N U E
Morton Salt Development
A Breath of Fresh Air
Large block availability with up to three contiguous floors and
thoughtfully planned amenities create an opportunity for a wide range of tenants to spread their wings and find inspiration away from the congestion of downtown.
Building Highlights
+ Full and half floor opportunities + Spectacular 32’ glass lobby + 12-14 foot ceilings
+ Exposed timbers
+ Private landscaped courtyard with a stand-alone amenity building + Easily accessed via car / ride
sharing or bike
+ 30%+ more square footage at the same price point as the West Loop / Fulton Market + Core and shell delivery or full
turn-key available
+ Branding opportunity along Elston Avenue facing the massive Morton Salt Development, a future entertainment / concert venue
Wide Open Spaces
LIGHT FILLED, DR AMATIC BRICK & BEAM OFFICE SPACE
Building Facts
Building Height: 6 Stories
Year Built: 1914
Year Rehabbed: 2019
Building Type: Office
Building Class: A
Building Size: 72,000 SF
Typical Floor Size: 12,000 SF
Ceiling Heights: 12-14 FT
Parking: Available
Up to ±30,000 SF of office space distributed over three floors. Large, high-fidelity floorplates feature 12,000 SF divisible to 7,000 SF and 5,000 SF half floor options.
Best-in-class infrastructure can accommodate a broad range of work styles, from open benching offices to closed office and meeting room facilities.
The spaces are light filled and airy with exposed original brick & wood beams.
Unobstructed views through new industrial style windows on all sides and high ceilings provide tenants with plenty of breathing room.
CORRIDOR 000 ELECTRICAL003
EXISTINGSTAIR 1ST1-00ELEVATOR 1ELEV-00 STAIR 2ST2-00
JANITOR004DATA005
ELECTRICAL ROOM 011 TELECOM SERVICE ROOM 010
EJECTOR ROOM 009 FIRE PUMP ROOM
008
STAIR 3ST3-00 CORRIDOR013 UP UP
UP ELEVATOR 2ELEV-00
UP
RETAIL / OPEN OFFICE
RETAIL / OPEN OFFICE
Ground Level Plan
Use: Retail / Office
Lease Rate: Negotiable
Lease Term: Negotiable
Full Floor RSF: ±11,500
Min Divisible RSF: ±4,500
Availability: Immediate
Ground level is partially below grade.
MENSRESTROOM101 WOMENSRESTROOM102
ELEVATOR 1ELEV-01 0102
STAIR 2ST2-01 ELECTRICAL103JANITOR104CORRIDOR100
STAIR 3ST3-01 DATA105 04 03
UP DN UP DNUP
DN
UP UP ELEVATOR 2ELEV-01
COMED SWITCHGEAR COMED SERVICE TRANSFORMER
EQUIPMENT FOR CELL TOWER/
BILLBOARD
LOBBY
COVERED PASSAGE
N E L ST O N AV E N U E
AMENITY SPACE
OPEN OFFICE
OPEN OFFICE
106
107
W EVERGREEN AVENUE
First Floor Plan
Use: Office
Lease Rate: Mid $20’s Net
Lease Term: Negotiable
Full Floor RSF: ±12,000
Min Divisible RSF: ±5,000
Availability: Immediate
OPEN OFFICE
OPEN OFFICE
CORRIDOR300 WOMENSRESTROOM302MENSRESTROOM301 EXISTINGSTAIR 1ST1-03
307
ELEVATOR 1ELEV-03 STAIR 2ST2-03
JANITOR304ELECTRICAL303 306
DATA305
STAIR 3ST3-03 DN UP DNUP
DN
UP ELEVATOR 2ELEV-03 CORRIDOR300 WOMENSRESTROOM302MENSRESTROOM301
EXISTINGSTAIR 1ST1-03
ELEVATOR 1ELEV-03 STAIR 2ST2-03
JANITOR304ELECTRICAL303DATA305
STAIR 3ST3-03 DN UP DNUP
DN
UP ELEVATOR 2ELEV-03
OPEN OFFICE NORTH
±7,000 RSF
OPEN OFFICE SOUTH
±5,000 RSF
Second Floor Plan
Use: Office
Lease Rate: Mid $20’s Net
Lease Term: Negotiable
Full Floor RSF: ±12,000
Min Divisible RSF: ±5,000
Availability: Immediate
Multi-Tenant Floor Plan
Use: Office
Floors: 1 & 2
Lease Rate: Mid $20’s Net
Lease Term: Negotiable
RSF - Office North: ±7,000
RSF - Office South: ±5,000
Availability: Immediate
Breathing Room
ROOM TO SPREAD OUT AND
PRIORITIZE PERSONAL SPACE
The future of the workplace may include physical distancing as a part of the “new normal”. With approximately 30% more square footage at the same price point as the West Loop / Fulton Market, tenants at 1308 North Elston can afford to provide ample personal space, prioritizing safety—ensuring that their employees feel comfortable in a safe work environment.
+ New space, never previously occupied
+ Opportunity for self-contained space with dedicated bathrooms + Controlled traffic to building via
doorman / security desk
+ Boutique building with less employee traffic coming in and out + Mid-rise building allows for taking
stairs, eliminating the need for crowded elevators
+ Brand new high efficiency HVAC system allows for improved ventilation, high air quality, and increased capacity for fresh air circulation
+ Abundant outdoor space - private building courtyard
Exceptional Amenities
& Outdoor Space
1308 North Elston features a private landscaped courtyard with a unique stand-alone amenity building where tenants can safely socialize, work, dine, or relax.
A unique entry sequence leads visitors to spectacular 32’ glass walled lobby.
The building’s walled and landscaped courtyard provides a private oasis for safely relaxing, meeting, and working.
The building is located on Elston Avenue, directly across the street from the iconic Morton Salt building. The main entrance is on the south side of the building at Elston & Potomac.
P O T O M A C A V E N U E W . E V E R G R E E N A V EN U E
ELSTON AVENUE
LOBBY
AMENITY SPACE
Site Plan
32’ glass-walled lobby features polished
concrete floors, a one-of-a-kind reclaimed wood reception station, live green wall and a new
elevator shaft clad in oxidized corten steel.
∆ The oxidized corten steel cladding on the new elevator shaft and entryway is a nod to the corrugated metal roof of the adjacent Morton Salt building.
∆ Floor-to-ceiling glass wall (above) and decorative living wall (right) greet visitors in the building’s lobby.
Building Finishes
Private Building Courtyard
COURTYARD
T O L O BB Y
V.I.F.60' - 4 1/2"
V.I.F.
25' - 8"
16' - 7 5/8
7' - 6 1 /2"
6' - 0"
7' - 7"
ANNEX SPACE
01
COVERED PASSAGE
MAIN ENTRY
02
1 2' - 3"
7' - 0 3/4"
EQ
EQ
8' - 9"
V.I.F.
3' - 0"
V.I.F.
3' - 4"
V.I.F.
3' - 4"
10' - 8" 3' - 11"
84
10' - 8"10' - 8" OVER HEAD DOOR OPEN POSITION,TYPICAL
1 1 ' - 0"
V.I.F.3' - 7" V.I.F.3' - 4" V.I.F.8 3/8" 8"
Annex Building
1308 North Elston features a unique stand-alone annex building available to lease for retail / restaurant space or as a private amenity space for office tenants.
Annex Highlights
+ ±1,371 SF available for lease + Direct, walk-out access to private
building courtyard, ideal for a cafe-style user
+ Outdoor seating and black iron potential
+ Opportunity for unique branding and signage visible to 400K+
commuters along I-90/94
+ Floor to ceiling garage style doors meet current COVID-19 operating guidelines for restaurants and allow for seamless indoor / outdoor flow
Annex Plan
Use: Retail / Restaurant / Amenity
Lease Rate: Negotiable
Lease Term: Negotiable
Full Floor RSF: ±1,371
Availability: Immediate
W NORTH AVE
W DIVISION ST
N DAMEN AVE
N MILW AUKE
E AVE
N E LSTO
N A VE
N ASHLAND AVE
N WOOD ST
N WOLCOTT AVE
N HALSTED ST
N SHEFFIELD AVE
N CLY BOUR
N AVE
Wicker Park
Pulaski Park Walsh
Park Churchill
Park
Goose Island Overlook
Stanton N Park
orth Bra nch C
anal Chic
ago R iver
Intelligentsia CoffeeHollywood GrillTarboush
etta
Lillie’s Q
Forever Yogurt
Blue Fin Dunkin’ @North Bar ExitLouie’s Pub
Jet’s PizzaThee AsianLucia’sLas Palmas
Piece ParadisePark Chopin Theater
Wendy’s
Jieyi
Frontier Kin
Shwarma Garden
Rainbow Easy BarColectivo
Picante Taqueria
Folklore Mirai
Cafe Gelato The Boundary Via Carducci La Sorella MAK Milk & Honey Sushi Taku Machine Parlor Pizza Smoke Daddy Phyllis’ Caffe Streets Alliance Bakery Foxtrot Market Bangers & Lace SconeCity
Kanela BreakCufamstin Club Conrad’s Grill Wormhole Coffee
Bongo Room Umami Burger Native FoNickods Cafe
Rumi ’s Taxim Bru Revel Room Revel Room
Emporium Antique Taco
Standard Bar & Grill
Neon Wilderness Big & Little’s
The Angry Crab Potbelly Falafel Grill Whiskey Business Rakki Cafe Oiistar Pint
Insomnia Cookies
Jenny’s SWIG
Taco Bell Cantina Furious
Spoon
Walgreens Walg
reens
Seadog Sushi
Burger King Kung Fu Pizza
Target
Apple Store Apple Store
CVS
CVS
Wicker ParkAthletic Club5411 EmpanadasStarbucksVinnyD’s
Gold Star
Mac’s
Yolk
FatpourTakitoClever RabbitThe Fifty/50Pub RoyaleInnjoySilli Kori The Lifeway Black BullBordel
AdaStreet
Whole Foods NYC Bagel
LincolnFFC Park BurgerEpic
Peet’s Coffee Goose
Island Crossfit
Binny’s Buffalo Wild Wings Trader Joe’s Protein Bar
Olive Mediterranean
Grill
Burger Bar Uncle Julio’s
Joe’s on Weed
Jimmy John’s REI
Off Color Brewing Taproom The Mousetrap
Veruca Chocolates
SoNo Fitness & Crossfit
Dunkin’ Halal Pita Grill Subway
Goose Island Shrimp House Passion House
Coffee Roasters
First Step Fitness
Atlas Performance and CrossFit Estate Bar
Estate Bar
Steppenwolf Theatre Front Bar Vinci Willow Room Amato's Pizza
Summer House Santa Monica
Boka Alinea Trattoria Gianni
Dawali Mediterranean Kitchen
Target CVS The Hideout
Local Foods FortWillow Werewolf Coffee ChicagoVin
Carnicerias Guanajuato Ina Mae Tavern
ClubLucky
TheRobey
Schwa Big Star
Dimo’s Pizza Potbelly
The Goddess & Grocer Mindy’s HotChocolate
Lottie’s Pub En Hakkore
JuiceRx
Starbucks Reserve Bonci Pizzeria Stan’s Donuts
Urban Belly Violet Hour
Craft Pizza
Mott St
Art’s Drive-In
Stanley’s Grill
Bucktown Athletic Club
Earls Kitchen + Bar Kizuki Ramen & Izakaya
Mariano’s Nando's Peri-Peri ArcLight Cinemas
Future CB2 headquarters Future CB2 headquarters B U C K T O W N
L I N C O L N P A R K
G O O S E I S L A N D Lincoln Yards
South Proposed
Mobility Hub &
Metra Station
Bucktown Athletic Club
Earls Kitchen + Bar Kizuki Ramen & Izakaya
Nando’s Peri-Peri ArcLight Cinemas
Morton Salt warehouse adaptive reuse development 4.2 Acres
Proposed Goose Island Boathouse
dining & entertainment complex Proposed
Mobility Hub &
Metra Station
Proposed Goose Island Boathouse
dining & entertainment complex Morton Salt warehouse
adaptive reuse development 4.2 Acres
Passion House Coffee Roasters Damen Station
Damen Station
North / Clybourn Station North / Clybourn
Station
Division Station Division Station
Close to
Everything
MODERN OFFICE SPACE, 5 MINUTES FROM HOME
1308 North Elston is an unbeatable location with unrivaled access and visibility. Positioned in the Salt District at the center of a thriving millennial talent pool, the building is adjacent to some of the city’s most desirable residential neighborhoods. 1308 North Elston is easily accessible to the entire city and northern & western suburbs via I-90/94, CTA, and Metra.
C T A ‘ L ’ S T A T I O N D I V V Y B I K E S H A R E D O C K
Nearby Transit
C O M M U T E R R A I L
Metra Clybourn Station 2 min drive Ogilvie Transit Center (Metra) 5 min drive
W NORTH AVE
W DIVISION ST
N DAMEN AVE
N MILW AUKE
E AVE
N E LSTO
N A VE
N ASHLAND AVE
N WOOD ST
N WOLCOTT AVE
N HALSTED ST
N SHEFFIELD AVE
N CLY BOUR
N AVE
Wicker Park
Pulaski Park Walsh
Park Churchill
Park
Goose Island Overlook
Stanton N Park
orth Bra nch C
anal Chic
ago R iver
Intelligentsia CoffeeHollywood GrillTarboush
etta
Lillie’s Q
Forever Yogurt
Blue Fin Dunkin’ @North Bar ExitLouie’s Pub
Jet’s PizzaThee AsianLucia’sLas Palmas
Piece ParadisePark Chopin Theater
Wendy’s
Jieyi
Frontier Kin
Shwarma Garden
Rainbow Easy BarColectivo
Picante Taqueria
Folklore Mirai
Cafe Gelato The Boundary Via Carducci La Sorella MAK Milk & Honey Sushi Taku Machine Parlor Pizza Smoke Daddy Phyllis’ Caffe Streets Alliance Bakery Foxtrot Market Bangers & Lace SconeCity
Kanela BreakCufamstin Club Conrad’s Grill Wormhole Coffee
Bongo Room Umami Burger Native FoNickods Cafe
Rumi ’s Taxim Bru Revel Room Revel Room
Emporium Antique Taco
Standard Bar & Grill
Neon Wilderness Big & Little’s
The Angry Crab Potbelly Falafel Grill Whiskey Business Rakki Cafe Oiistar Pint
Insomnia Cookies
Jenny’s SWIG
Taco Bell Cantina Furious
Spoon
Walgreens Walg
reens
Seadog Sushi
Burger King Kung Fu Pizza
Target
Apple Store Apple Store
CVS
CVS
Wicker ParkAthletic Club5411 EmpanadasStarbucksVinnyD’s
Gold Star
Mac’s
Yolk
FatpourTakitoClever RabbitThe Fifty/50Pub RoyaleInnjoySilli Kori The Lifeway Black BullBordel
AdaStreet
Whole Foods NYC Bagel
LincolnFFC Park BurgerEpic
Peet’s Coffee Goose
Island Crossfit
Binny’s Buffalo Wild Wings Trader Joe’s Protein Bar
Olive Mediterranean
Grill
Burger Bar Uncle Julio’s
Joe’s on Weed
Jimmy John’s REI
Off Color Brewing Taproom The Mousetrap
Veruca Chocolates
SoNo Fitness &
Crossfit
Dunkin’
Halal Pita Grill Subway
Goose Island Shrimp House Passion House
Coffee Roasters
First Step Fitness
Atlas Performance and CrossFit Estate Bar
Estate Bar
Steppenwolf Theatre Front Bar Vinci Willow Room Amato's Pizza
Summer House Santa Monica
Boka Alinea Trattoria Gianni
Dawali Mediterranean Kitchen
Target CVS The Hideout
Local Foods FortWillow Werewolf Coffee ChicagoVin
Carnicerias Guanajuato Ina Mae Tavern
ClubLucky
TheRobey
Schwa Big Star
Dimo’s Pizza Potbelly
The Goddess & Grocer Mindy’s HotChocolate
Lottie’s Pub En Hakkore
JuiceRx
Starbucks Reserve Bonci Pizzeria Stan’s Donuts
Urban Belly Violet Hour
Craft Pizza
Mott St
Art’s Drive-In
Stanley’s Grill
Bucktown Athletic Club
Earls Kitchen + Bar Kizuki Ramen & Izakaya
Mariano’s Nando's Peri-Peri ArcLight Cinemas
Future CB2 headquarters Future CB2 headquarters B U C K T O W N
L I N C O L N P A R K
G O O S E I S L A N D Lincoln Yards
South Proposed
Mobility Hub &
Metra Station
Bucktown Athletic Club
Earls Kitchen + Bar Kizuki Ramen & Izakaya
Nando’s Peri-Peri ArcLight Cinemas
Morton Salt warehouse adaptive reuse development 4.2 Acres
Proposed Goose Island Boathouse
dining & entertainment complex Proposed
Mobility Hub &
Metra Station
Proposed Goose Island Boathouse
dining & entertainment complex Morton Salt warehouse
adaptive reuse development 4.2 Acres
Passion House Coffee Roasters Damen Station
Damen Station
North / Clybourn Station North / Clybourn
Station
Division Station Division Station
C T A ‘ L ’ S T A T I O N S
Division CTA Blue Line 12 min walk Chicago CTA Blue Line 15 min walk North & Clybourn Red Line 17 min walk
A I R P O R T S
Midway International Airport 20 min drive O’Hare International Airport 25 min drive
2 MIN
5 MIN
4 MIN
7 MIN
7 MIN
10 MIN
8 MIN
8 MIN
10 MIN
$5 $15 $25 $35
Bucktown
D I V I S I O N & M I L W A U K E E
Wicker Park
N O R T H / D A M E N / M I L W A U K E E
Avondale
E L S T O N & B E L M O N T
Logan Square
C A L I F O R N I A & M I L W A U K E E
Humboldt Park
C A L I F O R N I A & D I V I S I O N
Old Town
N O R T H & W E L L S
Lincoln Park
N O R T H & C L Y B O U R N
West Loop
F U L T O N & H A L S T E D
Gold Coast
S T A T E & R U S H
Average Rideshare Cost from 1308 North Elston
A V E R A G E S B A S E D O N P O O L A N D R E G U L A R R I D E S O N L Y F T & U B E R *
* Averages do not take into account surge or promotional pricing. Drive times are based on Google. Costs and travel times are estimates only, actual cost and drive times may vary.
R E D L I N E
North & Clybourn Station
C L Y B O U R N S T O P
Union Pacific Northwest Line
B L U E L I N E
Division Station
# 7 0 B U S
Proposed Transportation Shuttle Route
W A L K S C O R E
Very Walkable
75
T R A N S I T S C O R E
Excellent Transit
76
B I K E S C O R E
Biker’s Paradise
93
A B O U T T H E D E V E L O P E R
Farpoint Development
Farpoint Development is a Chicago-based real estate development firm founded in 2016 by the founding members of the successful real estate development company Sterling Bay. The Farpoint development team has nearly 100 years combined experience with the rehabilitation, redevelopment and adaptive reuse of severely compromised buildings in the Chicago area, including Hillshire Brands global headquarters at 400 S. Jefferson, Google, Inc.’s Midwest headquarters at 1000 W. Fulton, and the rehabilitation of the historic 12-story terra-cotta office building at 300 W. Adams.
Greco/DeRosa Investment Group
As a subsidiary of The Greco Companies, Greco/DeRosa Investment Group focuses primarily on real estate investment and financing. Having built an impressive portfolio of retail, mixed use, and industrial properties, GD has been a welcome partner to Farpoint Development on several new and exciting projects.
Greco/DeRosa Investment Group is an affiliate of the following companies: Greco PG5 Investments, GSI Financing, LLC, Greco Reggi Development, G4 Development Group, LLC.
© 2020 All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular offerings, the terms of which are available to principals or duly licensed brokers. This information may include estimates and projections with respect to future events, and these future events may or may not actually occur.
Such estimates and projections reflect various assumptions concerning anticipated results. While we believe these assumptions are reasonable, there can be no assurance that any of these estimates and projections will prove to have been correct.
Therefore, actual results may vary materially from these forward-thinking estimates and projections. Any square footage dimensions set forth are approximate.
Ari Topper, CFA 312.275.3113
Tyler Dechter 312.275.3132
F O R L E A S I N G I N F O R M A T I O N C O N T A C T
