REAL ESTATE

Ross Stores signs leases at two Phillips Edison properties

BY Al Urbanski

Phillips Edison & Company, one of the nation’s largest owners and operators of grocery-anchored centers, will be adding value-fashion and home goods stores at two of its centers in Illinois.

Ross Stores has signed leases for a 30,110-sq.-ft. Ross Dress for Less location at Fresh Market Shopping Center in Normal and a 20,475-sq.-ft. dd’s Discount store at Burbank Plaza in Burbank.

“These deals help enhance our mission to provide the local communities we serve with a diverse mix of retail brands that meet their needs,” said PECO VP of redevelopment Greg Clough.

Fresh Market Shopping Center features 176,230 sq. ft. of retail space and is located in a heavily traveled corridor between U.S. Route 55 and Illinois State Highway 9. The shopping center also includes Michael’s, Petco, Office Depot, and Bed Bath & Beyond.

The 99,453 sq. ft. Burbank Plaza is anchored by Jewel-Osco and recently added a 6,000-sq.-ft. building housing Firehouse Subs and Rita’s Italian Ice.

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