Douglas Centre Lands Two New Tenants

CHICAGO-The Douglas Centre, a 66,000-square-foot retail strip-mall here in Waukegan, has landed two new leases totaling 28,000 square feet. Dollar General has taken 12,156 square feet while Talecris Plasma Resources has leased 15,997 square feet.

“The addition of Dollar General nd Talecris, in addition to its proximity to Lewis Fresh Market should make this property one of the foremost destination retail centers in the city of Waukegan,” says Wayne Caplan director for Sperry Van Ness, who represented the landlord.

Both new tenants should be operating out of their respective spaces by the second quarter 2010. Other tenants include the 75,000-square-foot, free standing Lewis Fresh Market supermaket as well as Rent A Center, H&R Block and Accelerated Physical Therapy.

The rental rate and other lease terms were not disclosed. According to an online listing for the property, the asking rental rate is $14 per square foot, net.

“Douglas Centre is an extremely well located and positioned neighborhood center, which has just gotten much stronger by the addition of these two large national credit tenants, which will bring throngs of new customers to the center and surrounding area every day,” Caplan says.

Caplan and colleague John Skalla represented the landlord. Dollar Tree was represented by Alex Katz of Millco Investments. Talecris Plasma Resources was represented by Ryan Toland of UGL Equis.