REAL ESTATE

Inland signs new leases in Vernon Hills and Buffalo Grove, Ill.

BY CSA STAFF

Oak Brook, Ill. Inland Real Estate Corp. has announced the signing of 21,332 sq. ft. of new leases at three suburban shopping centers.

The new leasing activity includes a 14,826-sq.-ft. lease with Discovery Clothing, a value-priced clothing retailer for women and juniors, at the Rivertree Court shopping center, in Vernon Hills, Ill.

At Hawthorn Village Commons, in Vernon Hills, Salon GC signed a 1,609-sq.-ft. lease. European Gourmet Restaurant also leased 2,000 sq. ft. at Hawthorn Village Commons. At Woodland Commons, located in Buffalo Grove, Stilettos signed a 1,653-sq.-ft. lease. Papa John’s Pizza also recently leased 1,244 sq. ft. at Woodland Commons.

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REAL ESTATE

Elder-Beerman in Centerville, Ohio, to shutter

BY CSA STAFF

York, Pa. The Bon-Ton Stores announced that it will close its 191,000-Sq.-ft. Elder-Beerman store in Centerville Place in Centerville, Ohio. The location is scheduled to close by late January 2011.

Bud Bergren, president and CEO, commented, “The company continually reviews the performance of its assets; as a result of a review of the Centerville location and its proximity to our Dayton Mall store, we made the decision to close this location. We will continue to provide great service and an outstanding merchandise assortment to our Dayton-area shoppers at our remaining six Elder-Beerman stores.”

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REAL ESTATE

New supermarket has rustic design

BY CSA STAFF

New York City Pequot Lakes Supervalu has opened in the heart of Minnesota’s lake country. The new supermarket features a rustic design modeled after the area’s numerous vacation cottages and wilderness homes. Designed by Supervalu Store Design Services, the 30,000-sq.-ft. supermarket is outfitted with authentic cabin decor, including split log signage, stacked stone pillars, deer antler chandeliers and even hanging canoes that once belonged to a local resort.

To make the store especially relevant to the Pequot Lakes community, the interior walls are lined with photos of outdoor recreation in the region, each aisle directory is named after a nearby lake and bulletin boards in the dining area give anglers an opportunity to show off their latest catch.

Although Pequot Lakes flies the Supervalu banner, it is actually owned by an independent grocer supplied by Supervalu’s wholesale division.

Click here to see photos of the store.

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