CHAMPION TO DEVELOP 250,000-SQUARE-FOOT MIXED-USE DEVELOPMENT

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HOMER TOWNSHIP, ILL. — Downers Grove, Ill.-based Champion Retail Associates, a subsidiary of Champion Retail Advisors, has announced plans for Twin Maples, a mixed-use development located in Homer Township. To develop the center, J.D. Salazar and Larry Locascio of Champion will partner with Tim Hague of Keystone Ventures, as well as Cathy and David Boo, the landowners of the 40-acre parcel that is located at the corner of 159th Street and Gougar Road. Twin Maples will contain approximately 250,000 square feet of retail, restaurant, hotel and office space located near the newly completed Interstate 355 extension. The design and entitlement process is currently underway. Construction is set to begin in early 2009, with phase I completion slated for November 2009.

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