Newmark is pleased to announce that it has successfully advised IT’SUGAR in leasing 2,000 square feet at Chicago’s Navy Pier. IT’SUGAR signed the new, long-term lease following Newmark’s strategic analyses of suitable locations for an additional Chicago store.
Founded in 2006, IT’SUGAR is the largest and fastest growing specialty candy retailer with 100 locations across the United States and abroad. The Newmark team comprising Executive Managing Director Gregory Kirsch; Senior Associate Corey Black and Managing Director Larry Kling represented IT’SUGAR in its site selection analysis and lease negotiations for its new lease at Chicago’s Navy Pier. Newmark represents IT’SUGAR nationally for its real estate needs. This is the third Illinois location for the candy retailer, who also has stores at Gurnee Mills in Gurnee and New City in Chicago.
Located at 600 E. Grand Avenue, IT’SUGAR at Chicago’s Navy Pier offers unique candy and novelty products. The store also offers a “Taste of Chicago Box” which features products that originated in Chicago including Tootsie Rolls, Razzles, Baby Ruth, Juicy Fruit, Charleston Chew, Sugar Daddy, Chuckles and more. Now open, the store has a design inspired by the historic Chicago site and vintage ads paying homage to the city’s candy history.
“IT’SUGAR wanted to expand its Chicago presence and highlight candy that originated here,” said Kirsch. “Navy Pier is a place where local residents and visitors from around the world come to experience the city, so it was a perfect fit , however Navy Pier has limited retail space and is thus very competitive to get a storefront in this prime location.”
A Chicago landmark, Navy Pier is a 3,300-foot-long pier on the Chicago shoreline of Lake Michigan. Located in the Streeterville neighborhood of the Near North Side, Navy Pier encompasses more than fifty acres of parks, gardens, shops, restaurants, family attractions and exhibition facilities. It is one of the most visited attractions in the entire Midwest and is Chicago’s number one tourist attraction. IT’SUGAR joins current tenants of Navy Pier, including Build-A-Bear Workshop, Garrett Popcorn Shops, Giordano’s, Harry Caray’s Tavern, Bubba Gump Shrimp Co., McDonald’s and Starbucks, to name a few.
Founded by candy veteran Jeff Rubin in 2006, this sweet experiential retail environment has become the largest specialty candy retailer in the world. The IT’SUGAR Empire consists of over 100 retail locations in U.S. hotspots such as New York, Las Vegas, Los Angeles, San Francisco, Miami, and Chicago. Known for their absurdly wonderful sugar innovations that celebrate lighthearted rebellion, IT’SUGAR aspires to a future where everyone has access to the pure joy that comes from indulging in a world with fewer rules and more sugar.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.