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Cushman & Wakefield Works with W. P. Carey and University Park to Secure Chicago’s Largest Warehouse Lease of 2024

Bailey Webb • 5/20/2024

Cushman & Wakefield’s Anthony Ciaravino Represents SweatHouz in Leasing Chicago Locations in Old Town, West Loop and Lakeview East

CHICAGO, June 5, 2024 – Cushman & Wakefield announced today that the commercial real estate services firm represented SweatHouz (SWTHZ), an infrared-sauna and cold-plunge wellness brand, in securing Chicago locations in Old Town, the West Loop and Lakeview East.

Cushman & Wakefield Director Anthony Ciaravino represented SWTHZ (SweatHouz) in its leases at 1435 N. Wells St. for SWTHZ Old Town, 917 W. Madison St. for SWTHZ West Loop and 3101 N. Clark St. for SWTHZ Lakeview. The new locations range from 2,000 to 2,700 square feet and are the company’s initial Chicago and Illinois locations.

SWTHZ (SweatHouz) is a unique infrared sauna and cold plunge studio that offers a wellness experience like no other. The studio’s state-of-the-art equipment, infrared sauna and cold plunge technology create a relaxing and rejuvenating environment that appeals to a wide range of wellness enthusiasts. Available experiences also include contrast therapy and Vitamin C showers.

“For us at SweatHouz, expanding into Chicago is a thrilling milestone," said Jamie Weeks, Founder & CEO of SWTHZ. "Our mission is to be the global category leader in hot and cold exposure therapies. We are excited to bring our unique infrared sauna and cold plunge wellness experience to the vibrant communities of Old Town, West Loop, and Lakeview East. With plans to open 30 locations in Chicago, starting with our first opening in August of this year, this expansion marks just the beginning of our journey in Illinois. We believe in the transformative power of hot and cold therapy, and we're eager to contribute to the wellness journey of Chicago residents. Our state-of-the-art facilities, combined with our commitment to delivering unparalleled client experiences, ensure that SweatHouz will be a valuable addition to the city's wellness landscape.”

Said Cushman & Wakefield’s Ciaravino, “Each of these locations represents best-in-class retail real estate in Chicago’s most sought-after corridors. It’s rare that you can obtain that triple threat in highly affluent, dense neighborhoods in a top urban market like Chicago. This is only the first phase, though, and we look forward to bringing more locations to Chicago and Illinois that meet customers’ physical and mental wellness needs.”

About SWTHZ (SweatHouz)
SweatHouz is a unique wellness studio like no other that provides a premier private experience of deliberate exposure to heat and cold using infrared sauna and cold plunge technology. SWTHZ provides a relaxing and rejuvenating environment that appeals to a wide range of wellness enthusiasts. For additional information, visit sweathouz.com.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com

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