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