Business & Tech
Elgin Area Chamber Of Commerce: Top Retail Leases Recognized For Chicago Area
See the latest announcement from the Elgin Area Chamber of Commerce.
February 22, 2022
Prominent retail leases signed by Discover Financial, Edge Fitness and AutoZone negotiated by top dealmakers from Mid-America Real Estate and CBRE are among the fourth quarter retail leases recognized by CoStar.
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As big ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar will recognize the largest leases completed each quarter and the dealmakers who made them happen in their respective markets.
Here are the Chicago retail leases selected as the fourth quarter 2021 winners of the CoStar Power Broker Quarterly Deal Awards:
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Space Leased: 126,500 SF
Deal Type: New Lease
Size: 126,880 SF
Tenant: Discover Financial
Brokers Involved: Dick Spinell and Sarah Norlander of Mid-America Real Estate represented the landlord.
Deal Commentary: Discover Financial Services signed a lease for 126,500 square feet in Chicago’s Chatham neighborhood. Discover anticipates opening the new call center in May 2022.
TOP LEASE: 9231-9239 159th St., Orland Hills, IL
9231-9239 159th St., Orland Hills, IL (CoStar)
Space Leased: 38,000 SF
Deal Type: New Lease
Size: 60,108 SF
Tenant: Edge Fitness
Brokers Involved: Lynne Brackett and Marcy Wood of CBRE represented the landlord.
Deal Commentary: Edge Fitness signed a lease for a total of 38,000 square feet at The Orland Towne Center. The fitness chain plans to move into the space in the first quarter of 2022.
TOP LEASE: 1000-1090 S. Barrington Road, Streamwood, IL
1000-1090 S. Barrington Road, Streamwood, IL (CoStar)
Space Leased: 34,304 SF
Deal Type: New Lease
Size: 108,898 SF
Tenant: AutoZone
Brokers Involved: Paige Schiesser of Mid-America Real Estate represented both sides of the deal.
Deal Commentary: AutoZone signed a lease for 34,304 square feet at the Westview Center on South Barrington Road. The company, the largest retailer of aftermarket automotive parts and accessories in the U.S., joins LA Fitness, Dollar Tree and Tony's Fresh Market, and moved in shortly after signing its lease.
TOP LEASE: 11602-11730 S. Marshfield Ave., Chicago, IL
11602-11730 S. Marshfield Ave., Chicago, IL (CoStar)
Space Leased: 26,000 SF
Deal Type: New Lease
Size: 238,932 SF
Tenant: dd's Discounts
Brokers Involved: Joseph Parrott and Sean McCourt of CBRE represented the landlord.
Deal Commentary: Dd's Discounts, a national retailer that is part of the Ross Family brand, leased a total of 26,000 square feet at Marshfield Plaza on South Marshfield Avenue. The retailer opened this location shortly after the lease was signed.
TOP LEASE: 17715-17825 S. Halsted St., Homewood, IL
17715-17825 S. Halsted St., Homewood, IL (CoStar)
Space Leased: 23,500 SF
Deal Type: New Lease
Size: 48,342 SF
Tenant: Burlington
Brokers Involved: Robert Melsher of Metro Commercial Real Estate represented the tenant.
Deal Commentary: Burlington, an American national off-price department store retailer, signed a lease for a total of 23,500 square feet at Homewood Square in Homewood, Illinois.
TOP LEASE: 1700 Maple Ave., Evanston, IL
1700 Maple Ave., Evanston, IL (CoStar)
Space Leased: 21,185 SF
Deal Type: Renewal
Size: 23,044 SF
Tenant: Northwestern Medical Group
Brokers Involved: Brendan Reedy of CBRE represented the landlord. Sarah Cogswell of JLL represented the tenant.
Deal Commentary: Northwestern Medical Group renewed and expanded its footprint at 1700 Maple Ave. to occupy a total of 21,185 square feet. The compant plans to occupy the space in June 2022.
TOP LEASE: 104-198 S. Bolingbrook Drive, Bolingbrook, IL
104-198 S. Bolingbrook Drive, Bolingbrook, IL (CoStar)
Space Leased: 18,000 SF
Deal Type: New Lease
Size: 62,411 SF
Tenant: dd's Discounts
Brokers Involved: Michael Horne of Newcastle Properties represented the landlord internally. Andy Bulson of Mid-America Real Estate represented the tenant.
Deal Commentary: Dd's Discounts will also open a new location in Bolingbrook after agreeing to take 18,000 square feet at the Market Square Shopping Center. Located near Interstate 55, dd's Discounts joins Walmart, Dollar Tree, Wintrust Bank and T-Mobile at this center.
TOP LEASE: 2071 N. Southport Ave., Chicago, IL
2071 N. Southport Ave., Chicago, IL (CoStar)
Space Leased: 9,915 SF
Deal Type: New Lease
Size: 90,000 SF
Tenant: Lyft Gym
Brokers Involved: Daniella Hemsley and Matthew Pistorio of Madison Rose Leasing Company represented the landlord.
Deal Commentary: Lyft Gym signed a lease for 9,915 square feet on the first floor at 2071 N. Southport Ave. Lyft Gym will join tenants such as 3D Hubs Manufacturing and Lifestyle Health.
TOP LEASE: 933-945 N. State St., Chicago, IL
933-945 N. State St., Chicago, IL (CoStar)
Space Leased: 8,210 SF
Deal Type: New Lease
Size: 23,830 SF
Tenant: Milk+Honey Spa
Brokers Involved: Sharon Kahan and Amy Sider of CBRE represented the landlord.
Deal Commentary: Milk + Honey leased 8,212 square feet in the Gold Coast neighborhood for its first location in Chicago. The spa is expected to open in spring 2022.
TOP LEASE: 9231-9239 159th St., Orland Hills, IL
9231-9239 159th St., Orland Hills, IL (CoStar)
Space Leased: 18,508 SF
Deal Type: New Lease
Size: 343,226 SF
Tenant: Duly Health and Care
Brokers Involved: Lynne Brackett and Marcy Wood of CBRE represented the landlord.
Deal Commentary: Duly Health and Care, formerly DuPage Medical Group, leased 18,508 square feet at the Orland Towne Center in Orland Hills. Duly Health and Care is the largest independent, multi-specialty, physician-directed medical group in the Midwest, according to the company, with more than 900 primary care and specialty care physicians and more than 6,000 team members in over 150 locations. The company will join a tenant roster that includes Walmart, Aldi, PetSmart, Hallmark and Gymbore.
Source: www.CoStar.com
This press release was produced by the Elgin Area Chamber of Commerce. The views expressed here are the author’s own.
