REAL ESTATE

Sendik’s Food Market to co-anchor The Corners of Brookfield

BY Staff Writer

Milwaukee — The Marcus Corp. announced that Sendik’s Food Market will open a 32,000-sq.-ft. grocery store at The Corners of Brookfield, an open-air town center development in the Town of Brookfield, Wisconsin.

The Balistreri-owned and operated grocer will be located on the Bluemound Road side of the 19-acre site at the intersection of I-94, Barker Road and Bluemound Road at the main entrance to the shopping center.

“The Corners is an ideal location to serve the Waukesha County community,” said Ted Balistreri, one of the family co-owners of Sendik’s. “The site offers easy access for our guests from the Goerke’s Corners interchange, ample parking, and is sure to become a premier retail destination in southeastern Wisconsin.”

Demolition of existing buildings on The Corners site is underway and construction is slated to start this fall, according to Katie Falvey, director of real estate for The Marcus Corp. “The entire project including both anchors, Von Maur and Sendik’s, and the retail stores and restaurants, will open in fall 2016,” said Falvey.

The Corners, a mixed-use, 460,000-sq.-ft. development, includes Wisconsin’s first Von Maur department store and is one of the only ground-up, fashion-oriented open-air centers currently under development anywhere in the U.S. The project is expected to create 325 construction jobs for two years and over 1,000 permanent jobs once complete, including more than 100 full- and part-time Sendik’s associates.

Previously announced tenants include Arhaus Furniture, Chico’s, Hot Mama, Kilwins and White House Black Market. Restaurants opening in The Corners include The Lowlands Group (Café Hollander), Colectivo Coffee and Grimaldi’s Pizza. The Corners also features 150 modern, luxury apartments and lofts. Milwaukee-based Mandel Group is directing development of the residential component.

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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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