The anchor tenant is a 30,000-sf Equinox Fitness Center, while 7,500 sf of office space will be occupied by Tucker Development Corp., which is moving from a location on Central Avenue on the east side of the Metra tracks. Central Parkway, which includes a 200-car parking deck, was built west of the railroad tracks near Green Bay Road.
"We developed this site knowing it would serve as our corporate headquarters," says president and CEO Richard Tucker. "Our company has been growing steadily."
It also makes leasing and management somewhat easier, as Tucker Development will handle both duties in-house, says chief operating officer Cary Glenner.
Median family income in the upper-income census tract where Central Parkway is located is $102,313, and VP of leasing Fred Heichman admits there are few retail vacancies in the area. However, he says the suburb's Downtown lacked a health club before Equinox Fitness Center arrived.
"Equinox fills that void, and makes Central Parkway attractive for additional retailers and office tenants," Heichman says.
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