The center will have two major anchors, including Target; 11junior anchors; restaurants and other retailers. Leases are beingnegotiated with Chili's, Fifth Third Bank, Panda Express,Marshall's, Staples, Subway and others, says Gene Detchemendy,partner with Primestor and director of leasing. About 90% of thecenter is currently either leased or in lease negotiations,Detchemendy says. The asking lease rate is in the "$36 range"triple net. Marshfield Plaza is expected to open in fall 2008.

The plaza will be Primestor's first development in Chicago. Themajority of the company's projects are in southern California.Primestor chose to expand to the Chicago area because of a "similartrend of older urban core, demographics, opportunity to revitalizeold blighted and obsolete industrial-use (buildings) and vacantland," Salcido says. The location, at the off-ramp of 199th Streetfor Interstate 57, had a 500,000-sf canning plant, Libby Food, onthe site. The property has "strong visibility and frontage on theinterstate, relatively low competition, no new developments and adesire by the community to have new retail," he says.

Primestor has been working on the development for a long time,with the project stalled after the Chicago City Council approved anordinance that would mandate a certain minimum-wage for employeesof big-box retailers. "This project was the first causality of thebig box ordinance in July 2006," Salcido tells GlobeSt.com. "Whenthe big box ordinance passed, Target put their plans on hold andthe project came to a standstill." After Mayor Richard Daley vetoedthe ordinance in September 2006, Target moved forward with itsplans, which allowed Primestor to move ahead with the development,he says.