Steppenwolf Theatre selling nearby real estate to fund campus expansion
Anne-Marie St. Germaine
The next phase of Steppenwolfâs ongoing $73 million capital campaign includes plans to invest $50 million on a new theater building   Steppenwolf spokeswoman Anne-Marie St. Germaine  said.
 She  declined to say how much the developers plan to pay for Yondorf Hall. The real estate sale will help pay for the new building with a 400-seat theater  which will replace the 299-seat Upstairs Theatre on its main campus   St. Germaine  said. Steppenwolf also has theaters with 515 and 80 seats.
As part of the sale-leaseback deal  Steppenwolf will pay rent to keep using Yondorf for three years   St. Germaine  said.
The Fey & Co. jewelry store has a long-term lease to remain on the ground floor of the existing building   St. Germaine  said. Itâs unclear what CA Ventures and Springbank plan to do with upper floors after Steppenwolf moves out. The developers were not available for comment.
The next phase of Steppenwolfâs ongoing $73 million capital campaign includes plans to invest $50 million on a new theater building    [TGT] said.
  [TGT]   declined to say how much the developers plan to pay for Yondorf Hall. The real estate sale will help pay for the new building with a 400-seat theater  which will replace the 299-seat Upstairs Theatre on its main campus   St. Germaine  said. Steppenwolf also has theaters with 515 and 80 seats.
As part of the sale-leaseback deal  Steppenwolf will pay rent to keep using Yondorf for three years   St. Germaine  said.
The Fey & Co. jewelry store has a long-term lease to remain on the ground floor of the existing building   St. Germaine  said. Itâs unclear what CA Ventures and Springbank plan to do with upper floors after Steppenwolf moves out. The developers were not available for comment.