Oakbrook Terrace, IL-based Mid-America Asset Management is the exclusive leasing representative for the center. "(Tenant draws include) high population density, with an under-served consumer demand for retail goods and services in the immediate trade area," a representative for Mid-America tells GlobeSt.com. "Plus having Target, Jewel-Osco (and) LA Fitness as anchor tenants, and numerous local and national retailers at the property is a major draw."

Construction began in August 2007 on the property, which is currently 85% occupied with asking lease rates once marketed at around $36 per square foot net. The shopping center is located on the site of a former 500,000-square-foot Libby Food canning plant. The property sees 120,000 passing cars daily, and has about 185,000 residents in the three-mile trade area.

Recently signed tenants include Dollar Tree, which signed on for 10,400 square feet to open in November, and Payless ShoeSource, which plans to open a 3,250-square-foot store in the center in September. Both tenants were represented by Kyle Mayberry of Zifkin Realty in the deals, which were both announced in recent weeks. Primestor was represented by Mid-America principals Richard Spinell and Paul Bryant and senior leasing representative Mary Beth Menelli.

GlobeSt.com first reported on this project in August 2007 when plans were first made public for the project.

Instant Insights /

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