[Tom Servo]

Originally Posted by SamInTheLoop

Crain's just reporting within the half-hour that the CVS deal did indeed fall through (yay!), but when it did, they came up with the novel tenant of Walgreens to take 15,000 of the 22,000 State St-fronting space in the Old Sears store. Not cool, man. I guess the Flagship State Street store and the store at 15 W Washington are simply not close enough to the corner of State and Madison. This seriously blows. I really wonder if part of the problem here is that the owner of the building (Chetrit out of New York) for some reason had MB Real Estate lease the retail space in addition to the office space - MB is not a retail specialist at all - they're pretty much an office shop AFAIK. For prime retail space like this, you definitely want to put the leasing into the hands of a true retail leasing team imo. Perhaps some far off-prime location you can get away with it, and who cares anyhow - but to botch this releasing effort (in terms of positioning for the retail high street) at such a main/main location like this..........this is a major disappointment, and huge missed opportunity - HUGE - to say the least...........

I honestly do not understand the disappointment here. Walgreens is a Chicago company. I love Walgreens. Why is this a letdown and a "huge missed opportunity"? Were you wanting a handcrafted bath soap boutique or a micro-brew pub?