Mid-America brings new retailers to River Forest Town Center
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.
Native Foods signed on for 2,500 sq. ft. and will be taking the space vacated by Qdoba. All three tenants expect to open in fall 2014.
River Forest Town Center is located at the corner of Lake Street and Harlem Avenue in River Forest, Ill. The 145,133-sq.-ft. center is anchored by Whole Foods, Ulta, Petco, Walgreens, and DSW.
Mid-America VP Liz Krebs represented the landlord in the three transactions. Peter Scannell of Mid-America Real Estate Corporation represented Massage Envy. Jack Siragusa of Cushman & Wakefield represented Native Foods. Accelerated Rehabilitation was self-represented.
Inland Real Estate Income Trust acquires shopping Center in Wisconsin
Oak Brook, Ill. — Inland Real Estate Income Trust announced the acquisition of the 86,800-sq-ft. Pick ‘n Save Shopping Center in West Bend, Wisconsin. Lou Quilici, senior VP of IREIT Business Manager & Advisor, Inc., assisted Matthew Tice, VP of Inland Real Estate Acquisitions in the purchase of the property.
Well situated at the intersection of South Main Street and Paradise Drive, Pick ‘n Save Shopping Center is located within a highly trafficked retail corridor and across the street from Paradise Mall Shopping Center. Newly constructed in 2011, the property provides the approximately 45,000 residents living within a five-mile radius of the center access to a 69,886-sq.-ft. Pick ‘n Save grocery store as well as other necessity-based services.
Pick ‘n Save Shopping Center is 92.9% leased to five tenants. In addition to the Pick ‘n Save grocery store, tenants include PNC Bank, Aspen Dental, Sport Clips and Cherry Berry.
SRS Real Estate Partners hires new associate
Dallas — SRS Real Estate Partners has hired Daniel Poku as an associate in the Dallas/Fort Worth office. A newcomer to the industry, Poku has a background in economics.
Poku is a recent graduate of Southern Methodist University. Poku is also currently pursuing a new venture called CauseCakes, with plans to launch fall 2014. CauseCakes partnered with a local bakery to provide cupcakes with wrappers that prompt acts of random kindness for special events and corporate meetings.