REAL ESTATE

Three retailers to centers in NW Chicago’s suburbs

BY Michael Fickes

Oakbrook Terrace, Ill. — Mid-America Asset Management Inc. has announced that the firm recently secured new retail leases on behalf of three shopping centers in Chicago’s northwest suburbs.

Fruitful Yield has taken 6,630 sq. ft. in North Tower Plaza in Elmwood Park, Illinois. The 26,088-sq.-ft. center features Super Cuts, Great American Bagel and Subway. Mid-America represented the landlord, while JLL represented the tenant.

At Poplar Creek Crossing in Hoffman Estates, Illinois, Maurices signed a 4,980-sq. ft. lease. Target, TJ Maxx and Cost Plus World Market anchor the 450,000-sq.-ft. center. Mid-America represented the landlord in the transaction, and CBRE represented Maurices.

Taj Mahal Restaurant signed a lease for 4,000 sq. ft. at Bloomingdale Square in Bloomingdale, Illinois. Michaels, Pier 1 Imports, Pearl Vision and The Avenue Plus anchor the 76,601-sq.-ft. center. Mid-America represented the landlord. The tenant handled its own representation.

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REAL ESTATE

Cullinan promotes Brill to VP, director of leasing

BY Michael Fickes

Peoria, Ill. — Cullinan Properties has promoted Kathleen Cullinan Brill to VP, director of leasing. In her new role, Brill will direct the leasing, sales and marketing functions of Cullinan Properties while managing third party broker relationships.

Since joining Cullinan in 2006, Brill has completed over 1,000,000 sq. ft. of transactions, including big-box and junior anchor retailers such as Target, Costco, Gordmans and Hy-Vee as well as numerous national and regional small shop tenants and restaurants.

A member of the International Council of Shopping Centers, Brill works out of Cullinan’s Chicago, office.

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REAL ESTATE

Regency plans redevelopment for Kings Park

BY Michael Fickes

Washington, D.C. — Regency Centers plans to redevelop Kings Park Shopping Center in the Northern Virginia town of Burke. The work will include a facelift, enhanced common areas and structural expansion.

“When Giant expressed a desire to expand their existing 28,161-sq.-ft. store to 52,000 sq. ft., we saw the opportunity to improve the center overall and provide long-term benefit to the community,” said Alan Roth, senior VP and senior market officer for Regency Centers. “Giant will close its store June 19 and build an expanded store to serve the 125,000+ residents within three miles of Kings Park.”

Serving as a neighborhood gathering spot for the Burke community, Kings Park is 100% leased.

Façade enhancements will commence in July. By November, the common area enhancements, including repaving the parking lot and enhancing the patio area and façade will be completed. By spring of next year, the redevelopment is slated to wrap up with the re-opening of Giant.

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