$20M Kensington Center Opens 100% Leased

PLAINFIELD, IL-The 210,264-sf Kensington Center, a joint venture between Mid-America Investment & Development Co. and Zakos and Association, is 100% occupied today for its grand opening. The retail center at the southwest corner of Route 59 and 127th Street in this far southwest suburb cost about $20 million to build, according to Mid-America, and city officials expect it to generate $6.75 million in annual sales tax revenue.

The developers, Mars Kensington, LLC, had a nice head start with a 142,500-sf Target Greatland, as well as a 24,280-sf Barnes & Noble Booksellers. Mid-America Asset Management principal Dick Spinell and leasing representative Barb Prieto also lined up Chili’s, Dress Barn, Maurice’s, Payless ShoeSource, Quizno’s, Fast Frame, Supercuts, TBD Nails and Mark Peter Jewelers.