Uniqlo inks lease at Acadia Realty Trust’s State Street storefront

A Uniqlo store and 22 South State Street (Credit: iStock and Acadia Realty)

Uniqlo has inked a lease for its second Chicago location, taking over the State Street space that H&M is vacating.

The Japanese fast-fashion clothing brand is taking the two-level, 28,000- square-foot store at 22 South State Street, according to the Chicago Tribune. The building is owned by New York-based Acadia Realty Trust.

Swedish clothing retailer H&M is vacating the location at the end of the year.

It will be Uniqlo’s second store in Chicago. The chain opened its first Midwest store on the Magnificent Mile in 2005. It also has a store at Woodfield Mall in Schaumburg.

Chicago’s retail vacancy rate in 2018 hit its highest point since 2010, and popular shopping destinations like State Street and the Magnificent Mile were not immune.

The Magnificent Mile has seen some high-profile retail closings in recent months, including Apple’s move to a riverfront location in Pioneer Court, and Forever 21’s decision to shutter a 30,000-square-foot location. But experts have said that with a correction in rent prices and some innovative moves by retailers, the strip may be poised for a rebound[Chicago Tribune] — Joe Ward

Recommend0 recommendationsPublished in Real Estate

Share this story with your network.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print


Recent Stories

Del Marie: locked down, but not out

The rapper-dancer-performance poet rolls with the pandemic punches. 2020 started off so well. January and February were great months for 27-year-old rapper, dancer, and performance

Read More »

Speak with a local expert now.

Learn more about this recent happening by speaking with an agent.