CBRE completes third retail lease at Newberry on the Triangle in Chicago's Gold Coast

CBRE has completed a 32,000-square-foot retail lease with Club Studio, a fitness experience that brings high-end amenities, boutique studio classes, and wellness services together in one gym, at Newberry Plaza on behalf of landlord 11 East Partners and Blackbird Investment Group. The transaction marks the third lease completed at the redevelopment of the building's retail base, known as Newberry on the Triangle.

CBRE’s Luke Molloy, Danny Jacobson, and Stephen Ansani represented 11 East Partners and Blackbird Investment Group in the transaction.

Club Studio will occupy a majority of the second floor and all of the third floor of the retail space at the base of the 53-story Gold Coast residential tower. The lease joins previously announced commitments from Anthropologie, which signed a 16,000-square-foot lease on the building's first floor, and Canadian restaurant group Moxies, which is bringing a 13,600-square-foot dining concept to the property.

“The Newberry redevelopment is meaningfully elevating the retail and experiential offering in the Gold Coast,” said Jacobson. “By introducing a best‑in‑class fitness operator alongside destination retail and dining, this project strengthens the neighborhood’s position as a premier mixed‑use submarket. The depth and quality of tenancy at the Newberry redevelopment reflects both the continued evolution of how consumers use urban retail environments and the sustained demand from top-tier operators for well-located, experiential space.”