42nd and Pulaski, Chicago, IL – Breaks Ground

Chicago, IL (September 26, 2014) – Gary Pachucki at IBT and Inland Real Estate have purchased property at 42nd and Pulaski for a new retail development. Gary Greenfield, Principal of Metro Commercial Real Estate represented the development team in the leasing of the shopping center to include Marshalls, Ross Dress for Less, Michaels, PetSmart and…

Metro Represents Topgolf in the Sale of a Site in Naperville, IL

Naperville, IL (September 26, 2014) – Metro Commercial Real Estate represented Topgolf in the sale of a site in Naperville, Illinois. Metro Principals, Robert Melsher and Gary Greenfield, also represented Topgolf in the purchase of real estate at the Northwest Corner of Rt. 59 and I-88 in Naperville. About Metro Commercial Real Estate Metro Commercial…

Metro Sells 8th PNC Bank Property in 12 Month Period

Chicago, IL (September 18, 2014) – Nathan Tonnies of Metro Commercial Real Estate recently closed the sale of a former PNC branch on Orchard Road in Oswego, IL. This is the 8th PNC property Mr. Tonnies has sold in the last 12 Months. Other properties include former branches and bank buildings in Bloomington, IL, Oak…

Mariano’s plans first Naperville store

Mariano’s Fresh Market snapped up yet another former Dominick’s to open a store in Naperville… …“I think in a market like Naperville they’re being selective because it’s such a strong market, to make sure they’re positioned properly, to make sure they can compete with locals, regionals, nationals that are in the market,” said Larry Kling,…

Phase 1 of Stony Creek Promenade Nears Completion

In a few weeks area residents will be shopping at the new Stony Creek Promenade retail development. Water falls and a pond will appear shortly thereafter and pretty soon Oak Lawn won’t have to envy its neighbors in Orland or Evergreen Park. Things have been going so well at the corner of 111th Street and…

Banana Republic, Athleta Coming to Downtown Naperville

Gap Inc. is opening two stores in downtown Naperville, adding to the tenant mix in the western suburb. The San Francisco-based retailer’s Banana Republic and Athleta lines plan to open adjacent stores in a nearly 20,000-square-foot retail building at 103 S. Washington St. in Naperville, according to a marketing flier from Highland Park-based Metro Commercial…

Fitness chain plans to open around 35 local stores

Workout chain Orangetheory Fitness plans to open about 35 gyms in the Chicago area over the next few years as part of a 50-store rollout across the state, according to Orland Park-based investor Brad Ehrlich, the master franchisee for the state for Orangetheory’s parent company, Fort Lauderdale, Florida-based Ultimate Fitness Group LLC. The firm has…

L.A. Fitness lease boosts proposed shopping center

A Chicago developer is teeing up a 73,500-square-foot shopping center on the Southwest Side, another example of how retail builders are focusing on places with high population densities… …First American’s site “is not a true gentrification area, but in today’s day and age, people are developing in high-income or high-density areas, or both. This certainly…

Melrose Park shopping center fetches 61 percent more than 2011 price

The owner of a Melrose Park shopping center has cashed out for a big gain about two years after buying the property from its lender… …For Cole, a Phoenix-based real estate investment trust, the property was an attractive bet because there are few large retail spaces available in Melrose Park, making it easier to fill…

Mexican, sushi to feed Water Street guests in Naperville

Shoppers and Riverwalk visitors hungry for Mexican food or sushi will have new options in the Water Street District when it opens by fall 2015 in downtown Naperville. Bien Trucha, a small-plate Mexican restaurant based in Geneva, and Blue Sushi Sake Grill, based in Omaha, Neb., are two of the handful of restaurants to be…

Upscale Boutique Hotel Brand to Anchor Water Street District in Downtown Naperville

Developers of the Water Street District in Downtown Naperville have unveiled plans for the Hotel Indigo Naperville on the Riverwalk, an upscale boutique hotel set to open in 2015, as the anchor for the mixed-use retail, restaurant and office development on the south end of Naperville’s central business district. Hotel Indigo Naperville will bring high-end…

Two Retailers Sign at Aurora Marketplace

Two retailers recently signed leases at the 336,259-sq.-ft. Aurora Marketplace here at the corner of Route 59 and 75th Street… …Mid-America Asset Management Principal Marget Graham represented the landlord in the leases. Wendell Hollan and Mario Melone with CBRE represented Floor & Décor, and Robert Melsher with Metro Commercial Real Estate represented Music & Arts. National Real Estate Investor // Robert Carr // View the Full Article