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MID-AMERICA ARRANGES TWO RETAIL LEASES IN METRO CHICAGO

OAKBROOK TERRACE, ILL. — Oakbrook Terrace-based Mid-America Asset Management Inc. has secured two new retail leases on behalf of two shopping centers in Chicago’s northwest suburbs. DSW Shoe Warehouse signed a lease for 23,773 square feet at Village Square of Northbrook located at the southeast corner of Lake Cook Road and Skokie Boulevard in Northbrook, Ill. In addition, Zip Fitness signed a lease for 22,002 square feet at Arlington Plaza at the northwest corner of Rand and Arlington Heights Roads in Arlington Heights, Ill. DSW Shoe Warehouse will occupy space at the 334,995-square-foot center, which also includes retailers Nordstrom Rack, Marshall’s, The Container Store, PetSmart, Cost Plus World Market and Saks Fifth Avenue Off 5th. DSW is expected to open in spring 2015. Liz Krebs of Mid-America represented the landlord. Mike Schertler of Tartan Realty Group and Scott Stefanik of Midwest Commercial Realty represented the tenant. Zip Fitness will occupy space at the 295,773-square-foot center Arlington Plaza at the northwest corner of Rand and Arlington Heights Roads. Burlington Coat Factory, Value City Furniture and The Room Place anchor the shopping center. Zip Fitness’ new location is expected to open before the end of the year. Mid-America Leasing Representative Sarah Drumgould represented the landlord, and Patrick Owens of Transwestern represented the tenant in the transaction.

Content Partners
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‣ Lee & Associates
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‣ Walker & Dunlop

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