NAPERVILLE, IL-Macy's Inc is moving its furniture outlet centerfrom Chicago to the Westridge Court Shopping Center, 2781 AuroraAve. Macy's signed a lease for 50,000 sf in the shoppingcenter.

The term for the lease was not disclosed except that it was“long-term,” according to Joe Herron, associate broker forMid-America Real Estate Corp. Herron and Kevin McLoughlin, alsowith Mid-America, represented Macy's in the lease transaction.Australia-based Centro Properties, which owns the shopping center,was represented by Brad Ratajczak, a leasing representative withCentro.

The furniture outlet store will be located in a space that hasbeen vacant for more than four years and had been previouslyoccupied by a showroom for Spiegel Catalog. Macy's plans to open onabout Nov. 15 and will be one of the anchor tenants of the453,666-sf power center. The shopping center is currently about 80%to 85% leased, Herron says. Other tenants include Grand Mart,Linens 'N Things, Nova 8 Theatres, Borders Brooks, Old Navy andMarshall's. The asking lease rate for retail space in the areabetween 30,000 sf and 50,000 sf is “in the low-teens,” net, Herronsays.