Content about Chicago

September 8, 2014

Whole Foods Market moves into the fast-growing same-day grocery-delivery space with the news that it is partnering with one-hour grocery delivery startup Instacart to have Whole Foods products delivered to customers’ homes in as little as one hour.

Austin, Texas - Whole Foods Market moves into the fast-growing same-day grocery-delivery space with the news that it is partnering with one-hour grocery delivery startup Instacart to have Whole Foods products delivered to customers’ homes in as little as one hour. Customers will soon also have the option to place orders via Instacart and pick up their order at a local Whole Foods store.

September 2, 2014

Men’s lifestyle retailer Haberdash will unveil a new retail "Convergence" concept at its store at the Roosevelt Collection in Chicago's South Loop.

Chicago -- Men’s lifestyle retailer Haberdash will unveil a new retail "Convergence" concept at its store at the Roosevelt Collection in Chicago's South Loop.

The "Convergence" model integrates the company's daily e-commerce operations into the store location; photo studio, pick, pack and ship and client services.

September 2, 2014

Peet’s Coffee & Tea is growing its footprint in the greater Chicago area, opening 16 stores in a phased rollout across the market this fall.

Chicago -- Peet’s Coffee & Tea is growing its footprint in the greater Chicago area, opening 16 stores in a phased rollout across the market this fall. Chicago is part of Peet’s aggressive U.S. expansion effort that began last year, which will bring its store total to nearly 300 locations nationwide by the end of the year.

September 2, 2014

SRS Real Estate Partners announced the relocation of the Chicago office to 155 N. Wacker Drive, where the Chicago team will continue to provide retail real estate services to clients in metro Chicago and across the Midwest.

Dallas -- SRS Real Estate Partners announced the relocation of the Chicago office to 155 N. Wacker Drive, where the Chicago team will continue to provide retail real estate services to clients in metro Chicago and across the Midwest.

The new SRS Chicago office is located in downtown Chicago in a LEED-Gold certified building just a few footsteps from the Chicago River.

 

September 2, 2014

SRS Real Estate Partners announced the relocation of the Chicago office to 155 N. Wacker Drive, where the Chicago team will continue to provide retail real estate services to clients in metro Chicago and across the Midwest.

Dallas -- SRS Real Estate Partners announced the relocation of the Chicago office to 155 N. Wacker Drive, where the Chicago team will continue to provide retail real estate services to clients in metro Chicago and across the Midwest.

The new SRS Chicago office is located in downtown Chicago in a LEED-Gold certified building just a few footsteps from the Chicago River.

 

August 28, 2014

JLL has bolstered its tenant representation practice with the addition of Jason Press as VP in the firm’s Chicago office, working on the team lead by executive VP Lew Kornberg.

Chicago -- JLL has bolstered its tenant representation practice with the addition of Jason Press as VP in the firm’s Chicago office, working on the team lead by executive VP Lew Kornberg.

Press joins JLL with more than 15 years of real estate experience facilitating hundreds of transactions valued in excess of $500 million. Prior to JLL, he co-founded North Park Properties to acquire investment properties in the Chicagoland area.

 

August 28, 2014

Mid-America Asset Management recently secured new retail leases on behalf of two shopping centers in Chicago’s northwest suburbs. DSW Shoe Warehouse signed a lease for 23,773 sq. ft. at Village Square of Northbrook located at the southeast corner of Lake Cook Road and Skokie Boulevard in Northbrook, Ill.

Chicago -- Mid-America Asset Management recently secured new retail leases on behalf of two shopping centers in Chicago’s northwest suburbs. DSW Shoe Warehouse signed a lease for 23,773 sq. ft. at Village Square of Northbrook located at the southeast corner of Lake Cook Road and Skokie Boulevard in Northbrook, Ill. The 334,995-sq.-ft. 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.

August 28, 2014

Mid-America Real Estate Corporation has recently been retained as an agent on behalf of Yoga Six during its multiple store roll-out in the Chicago area.

Chicago -- Mid-America Real Estate Corporation has recently been retained as an agent on behalf of Yoga Six during its multiple store roll-out in the Chicago area.

Yoga Six has signed two new leases in the Chicago area. The retailer signed on for 6,626 sq. ft. at 1150 North State in Gold Coast and 6,028 sq. ft. at Roosevelt Collection in South Loop. The yoga studio currently has one location in Lincoln Park and plans to open five stores in the Chicago area by 2015.

 

August 28, 2014

Pine Tree Commercial Realty has acquired Poplar-Prairie Stone Crossing, a class-A power shopping center located in the Northwest Chicago suburb of Hoffman Estates, Illinois.

Chicago -- Pine Tree Commercial Realty has acquired Poplar-Prairie Stone Crossing, a class-A power shopping center located in the Northwest Chicago suburb of Hoffman Estates, Illinois. The recent acquisition is Pine Tree’s 70th and brings the company’s current portfolio to 3.4 million sq. ft. in 19 separate properties.

The 312,000-sq.-ft. shopping center is shadow-anchored by Target and features TJ Maxx, Michaels, Ross Dress for Less, PetSmart, Lane Bryant, and Sports Authority.

August 26, 2014

A former bank building in Chicago is the planned site for a new mixed use retail/residential complex.

Chicago – A former bank building in Chicago is the planned site for a new mixed use retail/residential complex. According to Crain’s Chicago Business, Novak Construction Company intends to build a 60,000-sq.-ft. ground floor retail center with 80 to 160 residential units located above it.

August 20, 2014

Turkish fashion concept, SARAR, signed a lease at 111 West Washington Street in Chicago for 3,139 sq. ft.

Chicago — Turkish fashion concept, SARAR, signed a lease at 111 West Washington Street in Chicago for 3,139 sq. ft. Mid-America Vice President Michael Wexler represented SARAR in the transaction. Danielle Rudas and John Vance of Stone Real Estate represented the landlord.

This will be SARAR’s third location in Illinois. The new location is expected to open in fall 2014. 

August 20, 2014

T.J.Maxx will be opening five stores in the Chicagoland area starting this week and through October.

Framingham, Mass. -- T.J.Maxx will be opening five stores in the Chicagoland area starting this week and through October.

"The opening of these five stores in the Chicagoland area marks a momentous occasion for our brand," Richard Sherr, president of T.J.Maxx, stated.

All five T.J.Maxx stores will occupy over 122,000 sq. ft. of retail space.

 

August 19, 2014

The story of Houston, Texas has added some exciting new chapters in recent years. With low unemployment, a booming economy and one of the fastest-growing populations of any city in the nation, Houston’s rise alongside some of the most prominent cities in the nation continues unabated.

The story of Houston, Texas has added some exciting new chapters in recent years. With low unemployment, a booming economy and one of the fastest-growing populations of any city in the nation, Houston’s rise alongside some of the most prominent cities in the nation continues unabated. Trailing only New York, Los Angeles, and Chicago in size, Houston’s growing influence as a cultural and financial icon has made it a player on the national and international stage.

August 6, 2014

Uniqlo will make its Midwest debut in fall 2015, opening a flagship in downtown Chicago in fall 2015.

New York -- Uniqlo will make its Midwest debut in fall 2015, opening a flagship in downtown Chicago in fall 2015. The store, located at 830 North Michigan Avenue, will be Uniqlo’s second largest location in the United States, after its Fifth Avenue flagship in New York.

August 5, 2014

A city with a booming population, one of the nation’s lowest unemployment figures, and an expanding presence on the national and international stage, Houston, Texas is on this rise.

By Jason Baker and Kenneth Katz

July 30, 2014

Regency Centers announced the groundbreaking of a new 40,000-sq.-ft. Whole Foods Market, located 25 miles from downtown Chicago in Schererville, Indiana.

Chicago — Regency Centers announced the groundbreaking of a new 40,000-sq.-ft. Whole Foods Market, located 25 miles from downtown Chicago in Schererville, Indiana.

The new store, situated in The Shops on Main shopping center, is projected to open in fall 2015. Current tenants include Homegoods, Gordmans, Ross Dress for Less, and DSW Designer Shoe Warehouse.

July 24, 2014

Physical stores continue to be customers’ preferred shopping channel and a place where the most significant consumer and retailer value is created, according to a new report by A.T. Kearney.

Chicago – Physical stores continue to be customers’ preferred shopping channel and a place where the most significant consumer and retailer value is created, according to a new report by A.T. Kearney.

The firm’s “Omnichannel Shopping Preferences Study” found that stores play a crucial role in online purchases, as two-thirds of customers purchasing online use a physical store before or after the transaction. The survey covered all age segments — teens, Millennials, generation X, baby boomers, and seniors.

July 23, 2014

Richard Spinell, principal of Mid-America Asset Management Inc., announced that the firm recently secured three leases at River Forest Town Center in River Forest, Illinois, a western suburb of Chicago.

River Forest, Ill. — Richard Spinell, principal of Mid-America Asset Management Inc., announced that the firm recently secured three leases at River Forest Town Center in River Forest, Illinois, a western suburb of Chicago.

Massage Envy, Accelerated Rehabilitation, and Native Foods signed leases at River Forest Town Center. Massage Envy signed on for 3,946 sq. ft. and Accelerated Rehabilitation signed for 3,077 sq. ft. Both tenants are taking half of the former Talbot’s space.

July 23, 2014

Richard Spinell, principal of Mid-America Asset Management Inc., announced that the firm recently secured three leases at River Forest Town Center in River Forest, Illinois, a western suburb of Chicago.

River Forest, Ill. — Richard Spinell, principal of Mid-America Asset Management Inc., announced that the firm recently secured three leases at River Forest Town Center in River Forest, Illinois, a western suburb of Chicago.

Massage Envy, Accelerated Rehabilitation, and Native Foods signed leases at River Forest Town Center. Massage Envy signed on for 3,946 sq. ft. and Accelerated Rehabilitation signed for 3,077 sq. ft. Both tenants are taking half of the former Talbot’s space.

July 16, 2014

Capri Capital Partners has formed Capri Retail Advisors, an affiliate that will focus on retail opportunities in underserved and evolving retail trade areas in strategically selected major U.S. metropolitan markets.

Chicago — Capri Capital Partners has formed Capri Retail Advisors, an affiliate that will focus on retail opportunities in underserved and evolving retail trade areas in strategically selected major U.S. metropolitan markets.

July 16, 2014

Simon has launched construction of its expansion of Chicago Premium Outlets, adding 50 new stores, including Saks Fifth Avenue Off 5th, and including a comprehensive renovation of the Chicagoland center.

Aurora, Ill. — Simon has launched construction of its expansion of Chicago Premium Outlets, adding 50 new stores, including Saks Fifth Avenue Off 5th, and including a comprehensive renovation of the Chicagoland center.

July 14, 2014

Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Gateway Square in Hinsdale (Chicago MSA), Illinois.

Chicago -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Gateway Square in Hinsdale (Chicago MSA), Illinois. The 39,710-sq.-ft. center was purchased for $10 million, excluding closing costs and adjustments, by Buffalo Grove, Illinois-based C P Management, LLC.
 

July 11, 2014

RKF has announced three promotions for brokerage professionals in its Chicago office. Lara Keene has been promoted from senior director to managing director.

Chicago -- RKF has announced three promotions for brokerage professionals in its Chicago office. Lara Keene has been promoted from senior director to managing director. Since joining RKF in May 2012, Keene has advised a variety of retailers including Allen Edmonds, Orange Leaf Frozen Yogurt, Forever 21 and Fig & Olive, and currently works with Bareburger, Piada, Alexis Bittar, IT’Sugar, L’Occitane en Provence, Rent the Runway and Sam Edelman. Most recently, she secured a 3,400-sq.-ft. flagship for Zadig & Voltaire and an 850-sq.-ft.

July 7, 2014

To the extent that it can be said about the nation’s fourth most populous city, Houston has been flying under the radar. While Houston is far from an obscure metropolis, its emerging status as one of America’s truly iconic cities seemingly has yet to take hold in the public consciousness.

By Jason Baker and Kenneth Katz, co-founders and principals, Baker Katz

July 7, 2014

PetSmart investor Longview Asset Management LLC, Chicago, has joined activist investor Jana Partners in calling for the retail chain to consider a sale.

New York – PetSmart investor Longview Asset Management LLC, Chicago, has joined activist investor Jana Partners in calling for the retail chain to consider a sale. Meanwhile, PetSmart said it was reviewing ways to return more cash to shareholders.