REAL ESTATE

Mid-America secures retail leases in Chicago’s southwest suburbs

BY Katherine Boccaccio

Oakbrook Terrace, Ill. — Mid-America Asset Management Inc. has announced three new retail leases on behalf of two shopping centers in Chicago’s southwest suburbs.

Flexeon Rehabilitation signed a lease for 2,923 sq. ft. at Hillcrest Shopping Center in Crest Hill, Illinois. The 240,268-sq.-ft. center is anchored by TJ Maxx, Food 4 Less, Citi Trends, and Harbor Freight Tools.

Angelo’s Fresh Market and Sport Clips signed leases at Cornerstone Centre in Tinley Park, Illinois. Angelo’s Fresh Market signed on for 1,750 sq. ft. and Sport Clips for 1,200 sq. ft. The 28,090-sq.-ft. center features tenants including The Egg & I, AT&T, and 350 Brewing Company.

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REAL ESTATE

Long Island’s South Ocean Avenue gains two new tenants

BY Katherine Boccaccio

Patchogue, N.Y. — A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

The 23,000-sq.-ft. space at 35-71 South Ocean Ave. will feature sushi restaurant 360 Taiko Sushi & Lounge (4,900 sq. ft.) and apparel retailer Jeans Fashion (2,500 sq. ft.).

Patchogue, located on the South Shore of Long Island, N.Y., is undergoing a dramatic rebirth that is transforming the 2.2-square-mile village into a dining, arts and entertainment hub. New Village at Patchogue – a $100 million mixed-use development now under construction at the site of the former Swezey’s department store – is enhancing the urban fabric of the town and promoting Patchogue as an active, pedestrian-friendly community.

35-71 South Ocean Ave. is located one-half block away from the New Village development, which will include more than 291 apartment units and hundreds of new residential tenants.

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Insights

dd’s Discounts to open in downtown Portland, Oregon

BY Michael Fickes

Dublin, Calif. — dd’s Discounts, a division of Ross Stores, will open a new store in downtown Portland on June 28in a former Ross Dress for Less location. Counting the new location, dd’s Discounts will operate over 140 locations in 13 states. The retailer is on schedule to open approximately 20 locations in 2014.

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Together, Ross Dress for Less and dd’s Discounts currently operate over 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.

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