CHICAGO — Chicago-based Baum Realty Group has negotiated a lease agreement between First Elysian Properties and Marc Jacobs International to open a Marc Jacobs Collection boutique at the Elysian Chicago, which is located on Rush and Walton streets in Chicago. As the first property developed for Elysian Hotels & Resorts, Elysian Chicago is scheduled to open in early 2009. Marc Jacobs’ 10-year lease stipulates that the new boutique will occupy 2,700 square feet of retail space within the facility. Adam Secher and Janika Brenner of Baum represented First Elysian Properties in the transaction. Terms of the lease were not disclosed.