Cermak Produce signed a lease with a term of 10 years withoptions, Graham says. The term for FASMA's lease is 15 years andthe term for Anna's Linens' lease is five years. The space inHawthorne Works is the first Midwest location for FASMA, based inMonterey, Mexico. The retailer chose Cicero because "they werelooking for high Hispanic and Latino areas and that is one of thehighest densities of Hispanics in Chicagoland," Graham says. RobertMendoza, with LMR Real Estate, represented FASMA in the leasetransaction.

Lawrence Tucker, with Tucker Real Estate, represented CermakProduce. Graham and Bob Miller, also with CB Richard Ellis, are theleasing agents for the shopping center.

The 311,000-sf shopping center, which was constructed in themid-1980's, is 94% leased. The anchor tenant for the shoppingcenter is Kerasotes Theatre, which opened a 14-screen theater inNovember 2006. Other tenants include Office Depot, Dollar Tree,Banco Popular and Dots. The asking lease rate for the shoppingcenter is between $18 per sf and $30 per sf, net, Graham says. Theproperty is the site of a former telephone factory of the samename, and one of the towers from the factory remains standing.

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