October 3, 2019
Orangetheory Fitness leased 4,000 square feet on the second floor of 155 N. Michigan Ave. in the Loop. It’s set to open in January 2020.
NKF’s Larry Kling represented Orangetheory in site selection analysis and lease negotiations for the new location. Kling represents Orangetheory’s real estate interests in Illinois, and has arranged more than 40 leases for the fitness franchise since 2012.
“Orangetheory wanted to expand its Chicago footprint to cater to customers who work and live in and around the Loop, as well as to tourists who have a membership to Orangetheory in another market,” said Kling.
“Michigan Avenue is a place where local residents and visitors from around the world come to experience the city, so it was a perfect fit. However, storefronts on Michigan Avenue are in high demand, and therefore very competitive to get a space in this prime location,” he added.
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