Led by seven investment partners with over 50 years and $15B of cumulative transaction history, the Company is focused on investing in single-tenant commercial properties, net leased to middle-market businesses operating in a wide variety of industries that directly or indirectly serve the US consumer. Fundamental Income Properties provides real estate capital solutions and sale-leasebacks to businesses and business owners with established and growing operations across the United States. The new restaurant and nightclub will be located in Chicago ’s River North area and is scheduled to open to the public in September. We wish them continued success and look forward to doing business with Fundamental again in the future," Matt Menna added.įundamental Income Properties is a Phoenix-based net lease real estate platform backed by Brookfield Asset Management (NYSE: BAM). The TAO Group announced Thursday it will bring the company’s dining and entertainment notoriety to the Windy City when it transforms a historic 1892 landmark into TAO Chicago. "On behalf of Sterling Bay, we’d like to congratulate Alexi Panagiotakopoulos and the entire Fundamental Income Team on their acquisition of 632 N. "It was a pleasure working with Matt Menna, the Sterling Bay team, and Michael Marks of Cushman & Wakefield on a smooth transaction." "While our focus remains middle-market sale leasebacks and the acquisition and development of company-owned, mission-critical real estate, we will continue to opportunistically acquire marquee assets with in-place leases and industry leading operators like Tao," said Alexi Panagiotakopoulos, Chief Investment Officer and Partner at Fundamental Income. Fundamental Income acquired the property subject to a long-term lease to Tao Group. Dearborn is a multi-story, historical landmark featuring a 275-seat dining area, separate nightclub, private dining rooms, five custom-designed bars, two DJ booths and a 16-foot Quan-Yin statue standing within a koi pond. Home to the most dramatic dining room in the city, the menu features Pan-Asian offerings from the sea, sky and land and an extensive sushi selection. Originally built in 1892 and redeveloped in 2018 by Sterling Bay, 632 N. TAO Chicago is a design-driven restaurant and adjoining nightclub, located in a historic building in Chicago's vibrant River North neighborhood. Ownership is keeping a close lid on any details, but check back in this summer for the latest addition to River North’s dining and club scenes.PHOENIX, May 25, 2022-( BUSINESS WIRE)- Fundamental Income, a Phoenix- based net lease real estate platform, announces its acquisition of Tao Chicago – a 34,000 square foot restaurant and nightclub leased to the Tao Group in River North. ![]() It will be quite a change from the space that at separate occasions housed the likes of Rihanna, Moby, and Madonna. TAO’s interiors take inspiration from East Asia. After the historical society moved to Lincoln Park, the building became home to a series of nightclubs including Limelight, Vision, and Excalibur. The 126-year-old building was the original home to the Chicago Historical Society, which was the original name for the Chicago History Museum. Four Corners has been partnering with a variety of groups including the Cubs and the Ricketts family over in Wrigleyville with The Brickhouse Tavern, and Brendan Sodikoff’s Hogsalt Hospitality with Federales, SteakBar, and 20 East. ![]() TAO Group is working with Four Corners Tavern Group as the operators in Chicago. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ![]() By submitting your email, you agree to our Terms and Privacy Notice.
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