"We liked the demographic, we liked the location and we likedthe tenant mix," Ben Reinberg, founder and president of Deerfield,IL-based Alliance, tells GlobeSt.com. "The center has really goodreal estate, with 360-degrees of residential in the area. We'relocated across from a prominent lifestyle center, and we felt thereturn met our capital."


Other tenants include Famous Dave's, Potbelly Sandwich Works,Second Wind Exercise Equipment and Jamba Juice. The center is 81%occupied, with asking lease rates ranging from $25 to $35 persquare foot, net. "It's a brand-new center, so we feel we'll leaseit up fairly quickly," Reinberg says.


The center is in the northwest suburban submarket, an areaReinberg says is doing well despite widespread economic hard times."Retail around the country is a little slower, but being in Chicagois advantageous to retail," he says. "There's an opportunity to ownretail as there is more of a downturn in the cycle. We plan onholding this for quite some time."

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