C. Michelle Panovich, principal and executive VP, Mid-America Asset Management will receive the Lifetime Industry Leadership Award at the 12th annual Real Estate Gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University.
Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Kroger Limited Partnership 1 has signed a lease for 20,437 sq. ft. at Champaign Town Center in Champaign, Ill., to open a Ruler Foods discount grocery store in March 2013.
If there is one booming business inside the shopping center industry, it’s that of third-party management.
Shopping center management — whether you’re talking operational control, marketing programs and strategies, or leasing — is growing by leaps and bounds, as owners find alternative ways to fill the coffers when new construction is at a standstill.
Editor’s Note: Chain Store Age’s 23rd annual survey of Fastest-Growing Managers measures new domestic and international third-party management and leasing contracts obtained during the preceding calendar year (2011).
Now more than ever, retail real estate is not a business to be conducted without forethought. The days of gut instincts and seat-of-the-pants decisions have been replaced by the need to plan far ahead to guarantee a company’s continued growth.
Oakbrook, Ill.-based Mid-America Asset Management said that Saks has signed a lease for 25,900 sq. ft. at Village Square of Northbrook in Northbrook, Ill., to open its third Saks Fifth Avenue Off 5th store in Chicagoland.
Oakbrook Terrace, Ill.-based Mid-America Asset Management said that Five Guys Burgers and Fries recently signed a lease for 2,158 sq. ft. at Geneva Commons in Geneva, Ill., a western suburb of Chicago.