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NEWS RELEASE

Polish and Slavic Federal Credit Union Enters Illinois with Mid-America Lease at Mt. Prospect Plaza

MT. PROSPECT, Ill. (December 8, 2009) – Brooklyn-based Polish and Slavic Federal Credit Union (PSFCU) enters Illinois with a lease signed for 4,326 square feet at Mt. Prospect Plaza in Mt. Prospect, Ill, and is planning to open at the beginning of 2010, according to Richard Spinell, Principal of Oakbrook Terrace-based Mid-America Asset Management, Inc., the center’s exclusive leasing representative.


The independently owned union was founded in 1976 by a group of Polish immigrants to help other ethnic Poles obtain mortgages, and currently lists 11 branches in New York and New Jersey, and an operations center in Fairfield, NJ. PSFCU is the largest ethnic credit union in the United States.


Mid-America Senior Leasing Representative Mary Beth Menelli represented the landlord in the transaction, dealing directly with the tenant. Mt. Prospect Plaza is a 299,300 square foot retail center anchored by a Marshalls, Staples, Garden Fresh Market, and Michaels. The center is located in the Randhurst Mall regional trade area, on the northwest corner of Rand and Central Roads in Mt. Prospect, a northwest suburb of Chicago.

Mid-America Asset Management, Inc., is a member of Mid-America Real Estate Group and a ChainLinks affiliate. The company, which is celebrating its 25th anniversary year, is the Midwest's largest third-party retail asset manager, with more than 30 million square feet of retail property for which it provides management and leasing services. For more information, call (630) 954-7300 or visit midamericagrp.com.


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