Michael Havdala, senior vice president, and Brenton Schrader, associate, with the retail brokerage division of HSA Commercial Real Estate represented Specialty’s Café & Bakery in a 6,256-square-foot lease for the entire retail space on the ground level of the Inland Steel Building at 77 South Dearborn Street, Chicago, Ill. San Francisco-based Specialty’s, which has existing downtown Chicago locations at 525 West Monroe Street and 191 North Wacker Drive, is projected to open the Inland Steel location in March 2013.
Specialty’s Café & Bakery, which currently has 48 operating restaurants primarily in California and Washington, will utilize the location as a central catering hub for its Chicago Loop clientele. The new location will also serve baked goods, salads, soups, sandwiches, and will feature a Peet’s Coffee & Tea kiosk.
John Vance, vice president with Stone Real Estate, represented ownership, New York-based Capital Properties, in the lease transaction. SKB Architects is responsible for the design of the project, and Turner Construction will serve as the general contractor.
About Specialty’s Café & Bakery, Inc
Founded in 1987 San Francisco-based Specialty’s Café & Bakery currently operates 48 casual-themed, from-scratch bakeries in California, Washington, and Chicago, IL. Primarily focused on serving the weekday business consumer market Specialty’s brings high quality food and affordable pricing to its customers through many ordering options including on-line ordering, Self-Service ordering, and customizable personal preferences. Privately-held Specialty’s plans 30% annual unit growth with a major focus on the greater Chicago market area.