REAL ESTATE

Rice Lake Square completes renovation

BY Katherine Boccaccio

Wheaton, Ill. — Oakbrook Terrace, Ill.-based Mid-America Asset Management announced that the expansive renovation of Rice Lake Square, in Wheaton, Ill., has been completed.

The 251,313-sq.-ft. shopping center, renovated over a five-month period, received new roof uplighting and tower elements, two new pedestrian plazas, several parking spaces, improvements to traffic flow and landscaping, and new signage that was placed last December.

According to Mid-America Asset Manager, which oversaw the renovation, the property’s owner Grosvenor Americas wanted to improve the property’s placement in the local market so that when the recession was over, retailers would see this as the premier shopping center in the area.

The architect on the project was Pappageorge Haymes Partners, civil engineer was SpaceCo, Inc., landscape architect was Hitchcock Design Group and the general contractor was Pepper Construction.

This is the first major enhancement to Rice Lake Square since it was constructed in two phases between 1990 and 1992. Anchors include Whole Foods, Stein Mart and PetsMart.

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REAL ESTATE

SRS Real Estate names new team members

BY Staff Writer

Dallas — SRS Real Estate Partners announced two new hires in the South Florida office, as Dominic Delgado and Evan Richardson both joined the team as senior associates.

Delgado will focus on investment services, landlord representation, tenant representation and disposition services. Prior to joining SRS, he worked in Miami as community association management coordinator for KW Property Management.

Richardson will focus on tenant representation and landlord representation. Prior to joining SRS, Richardson was a leasing agent with Southern Management & Development.

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REAL ESTATE

White House | Black Market outlet to open at Legends Outlets Kansas City

BY Katherine Boccaccio

Kansas City, Kan. – OTB Destination announced that the area’s first White House | Black Market Outlet boutique will open at Legends Outlets Kansas City in May 2012.

The women’s retailer will offer a collection designed specifically for the outlet boutique, while offering a select assortment of product from their full-price boutiques as well. The White House Black Market Outlet boutique will occupy an overall square footage of 2,955 next to Saks Fifth Avenue Off 5th.

In 2011, Legends Outlets Kansas City created the outlet destination with 14 outlet additions and concept transitions, including Saks Fifth Avenue Off 5th, J.Crew Crewcuts, Under Armour, Chico’s Outlet, Soma Intimates Outlet, Loft Outlet, Christopher & Banks CJ Banks Outlet, Sunglass Hut, Zales Outlet, American Eagle Outfitters Off Campus, Charming Charlie, Old Navy Outlet and other brands.

In 2012, Legends Outlets has announced the addition of locally owned and operated Chiusano’s Brick Oven Pizzeria, as well as announcements of Uniform Destination and Dress Barn opening in March 2012.

OTB Destinations, based in Park City, Utah, is the leasing company for Legends Outlets.

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