Aug. 06--State Street will soon be home to another popular discounter: Saks Fifth Avenue Off 5th.
The retailer announced Thursday that it has leased 23,527 square feet at 6 S. State St. in the Loop, which until recently was an Office Depot. The new store will be the sixth Saks Off 5th in the Chicago area and is expected to open in the spring.
"This location provides us with an ideal balance of accessibility, visibility and density," Jonathan Greller of Hudson's Bay Company said in a statement. "The 6 S. State St. store will allow Saks Fifth Avenue Off 5th to deliver its renowned shopping experience to the downtown Chicago shopper," he said.
The property is owned jointly by ASB and Madison Capital.
Canada-based Hudson's Bay owns Saks Off 5th, Saks Fifth Avenue and Lord Taylor, among other retailers.
Saks Off 5th joins a number of retailers in the growing State Street shopping corridor, including Nordstrom Rack and DSW.
There are 84 Saks Off 5th locations in the United States.
crshropshire@tribpub.com
