X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-Primestor Development’s $95 million Marshfield Plaza shopping center opens this month. Stores now opening in the 454,000-square-foot development are anchors including the 62,000-square-foot Jewel, Petco and Staples, while Target, another anchor, opened previous to other retailers in October. Marshfield Plaza sits on 38 acres at W. 119th St. and S. Marshfield Ave., near Interstate 57.

Oakbrook Terrace, IL-based Mid-America Asset Management is the exclusive leasing representative for the center. “(Tenant draws include) high population density, with an under-served consumer demand for retail goods and services in the immediate trade area,” a representative for Mid-America tells GlobeSt.com. “Plus having Target, Jewel-Osco (and) LA Fitness as anchor tenants, and numerous local and national retailers at the property is a major draw.”

Construction began in August 2007 on the property, which is currently 85% occupied with asking lease rates once marketed at around $36 per square foot net. The shopping center is located on the site of a former 500,000-square-foot Libby Food canning plant. The property sees 120,000 passing cars daily, and has about 185,000 residents in the three-mile trade area.

Recently signed tenants include Dollar Tree, which signed on for 10,400 square feet to open in November, and Payless ShoeSource, which plans to open a 3,250-square-foot store in the center in September. Both tenants were represented by Kyle Mayberry of Zifkin Realty in the deals, which were both announced in recent weeks. Primestor was represented by Mid-America principals Richard Spinell and Paul Bryant and senior leasing representative Mary Beth Menelli.

GlobeSt.com first reported on this project in August 2007 when plans were first made public for the project.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.