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NEWS RELEASE

Mid-America Signs Panda Express to Scharrington Square in Chicago’s NW Suburbs

SHAUMBURG, Ill. (February 17, 2011) – California-based Panda Express signed a lease for 2,400 square feet of space at  Scharrington Square in Schaumburg, Ill., a northwest suburb of Chicago, according to Richard Spinell, principal of Oakbrook Terrace-based Mid-America Asset Management Inc., the exclusive leasing representative for the center. Panda Express is estimated to open in summer 2011.

Renewing leases at Scharrington Square are anchor Jewel/Osco for 64,925 square feet of space, and Panera Bread for 4,500 square feet of space, which has plans to add a drive-through service.

Mid-America Senior Leasing Representative Kitsy Ritter represented the landlord in all of the lease transactions, while Kim McGuire of CB Richard Ellis represented Panda Express. 

Scharrington Square is an 187,812 square-foot suburban shopping center located on the southeast corner of Schaumburg and Barrington Roads in Schaumburg, Ill. Anchors for the center include Jewel/Osco, Bally Total Fitness and Ulta Beauty.

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 35 million square feet of retail throughout the Midwest. For more information, call (630) 954-7300 or visit midamericagrp.com.

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PRESS CONTACTS representing Mid-America Real Estate Corporation

Jonelle Kearney
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Kasia Yuska
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