Although terms were not disclosed, CB Richard Ellis is marketingspace at New Lenox Retail Center at $26 per sf. Only 8,400 sfremains on the market at the center, scheduled to open in October2005. CBRE first vice president Joseph Parrott represented RyanCos. US in negotiations with Mid-America Asset Management.
Besides a population base that has more than doubled since 1990,CBRE reports the five-mile trade area that includes the Will Countysuburbs of New Lenox, Mokena and Frankfort has an average householdincome of $93,000 a year.
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