OAKBROOK TERRACE, Ill. (August 27, 2014) – Richard Spinell, principal of Oakbrook Terrace-based Mid-America Asset Management Inc., announced that the firm recently secured new retail leases on behalf of two shopping centers in Chicago’s northwest suburbs. Highlighted transactions are listed below.
Northbrook, Ill. (Cook County) – DSW Shoe Warehouse signed a lease for 23,773 square feet at Village Square of Northbrook located at the southeast corner of Lake Cook Road and Skokie Boulevard in Northbrook, Ill. The 334,995-square-foot center is anchored by Nordstrom Rack, Marshall’s, The Container Store, PetSmart, Cost Plus World Market, and Saks Fifth Avenue Off 5th. DSW, expected to open in spring 2015, is taking the space vacated by Loehmann’s. Mid-America Vice President Liz Krebs represented the landlord. Mike Schertler of Tartan Realty Group and Scott Stefanik of Midwest Commercial Realty represented the tenant.
Arlington Heights, Ill. (Cook County) – Zip Fitness signed a lease for 22,002 square feet at Arlington Plaza at the northwest corner of Rand and Arlington Heights Roads in Arlington Heights, Ill. The 295,773-square-foot center is anchored by Burlington Coat Factory, Value City Furniture, and The Room Place. The location is expected to open in winter 2014. Mid-America Leasing Representative Sarah Drumgould represented the landlord. Patrick Owens of Transwestern represented the tenant.
Mid-America Asset Management, Inc., a member of Mid-America Real Estate Group and a ChainLinks affiliate, is the Midwest's largest third-party retail asset manager, leasing and/or managing more than 60 million square feet of retail throughout the Midwest. For more information, call (630) 954-7300 or visit midamericagrp.com.
Village Square of Northbrook in Northbrook, Ill.
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