Retail Midwest
Retail today: Staying relevant is key

Retail today: Staying relevant is key

Much has been written and continues to be discussed regarding the changing face of retail. Many of these conversations inevitably include regional malls – largely non-Class-A – across the country struggling to find their footing in the wake of retailer bankruptcies and store closings. Sears is the latest and most prominent example with its recent announcement that it will be closing scores of stores from coast-to-coast.

Retail N Illinois
Virtual restaurant concept opening in Chicago's River North

Virtual restaurant concept opening in Chicago's River North

Kitchen United, a Los Angeles-based virtual restaurant provider, announced the opening of its next kitchen center at 825 N. Sedgwick Street in Chicago’s River North neighborhood. Coming on the heels of a $10 million funding round led by GV, Kitchen United will work with restaurant partners to begin move-in in mid-December, and will start serving Chicago consumers in January.

Retail N Illinois
Structured Development to develop final phase of Orland Park "triangle" property

Structured Development to develop final phase of Orland Park "triangle" property

The village of Orland Park, Illinois has selected Structured Development LLC to develop the final phase of the southwest suburb’s downtown Main Street “Triangle” property. In a unanimous vote, the village’s Board of Trustees chose Structured Development to complete the five remaining parcels—collectively comprising approximately nine acres—in the 27-acre “Triangle” master plan.

Retail i Ohio
Mid-America sells 291,000-square-foot retail center in Ohio

Mid-America sells 291,000-square-foot retail center in Ohio

Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Waterside Marketplace in Chesterfield Township, Michigan. The 291,231-square-foot retail center was purchased by PMAT Real Estate Investments, a middle-market real estate investment firm founded in 2003 that is actively pursuing acquisitions nationally.

Retail N Illinois
Ryder opens logistics-focused maintenance facility in St. Charles

Ryder opens logistics-focused maintenance facility in St. Charles

Ryder System, Inc., a leader in commercial fleet management, dedicated transportation and supply chain solutions, opened a state-of-the-art, full-service maintenance facility located in St. Charles, Illinois. The new Ryder facility, located at 510 S. Tyler Road, offers customers convenient access to the major trucking highway IL-64, connecting the area to I-355 and I-88.

Retail N Illinois
Palatine retail center sells for $4.4 million

Palatine retail center sells for $4.4 million

Marcus & Millichap announced the sale of a 50,400-square-foot retail property, located in Palatine, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset went from contract to close in 73 days and sold in an all-cash transaction for $4,442,500.