Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO—Paragon Real Estate has broken ground on a retail project at the southeast corner of Milwaukee Avenue and Artaius Parkway in north suburban Libertyville. They have reached an agreement with specialty retailer Trader Joe’s to move later this year into the entire 12,500-square-foot building under construction at 1600 S. Milwaukee Ave. Oak Brook-based Paragon has also begun developing an 8,100-square-foot meant for up to three retailers at the south end of the 3-acre site.

Tom Williams, a managing partner of Paragon, says major employers such as Hollister, CDW and Advocate Condell Medical Center sit just nearby and a Trader Joe’s will draw “loyal customers from a wide area and is sure to be a popular and convenient stop for the surrounding workforce. The development has excellent visibility along Milwaukee Avenue, which has a steady flow of consumers driving by.”

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 Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.