News
Four New Leases in "Instant Downtown"
August 11, 2010
| The people have spoken. At the end of '09, 300 VIP shoppers at Burr Ridge Village Center lifestyle center listed what they wanted, including a bookstore and Mexican restaurant. Northmarq listened and its Scott Rolston and Kimberly Mans signed Barbara's Bookstore and Abrazo Latin Kitchen. | |
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| Also on the new tenant list for 2010: DESTIHL, a Bloomington-based restaurant and a new furniture store out of Dallas. Barbara's is slated to open later this month, taking 8k SF, including a 2.5k SF reading room, opening in December. The 20-acre center launched in '07, and the four new leases bring its retail space to 75% occupancy. The retail draws from customers above the shops: both condos and 36k SF of office space, with additional traffic coming from nearby suburbs like Hinsdale, LaGrange, and Willowbrook. Scott says the center functions as a downtown for Burr Ridge, which uses it for farmer's markets and summer concerts. Barbara's Bookstore may also help out nearby Darien-it's library is under renovation and may use the bookstore for public events. | |
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| Abrazo and brew pub DESTIHL will join Topaz and Cooper's Hawk Winery in the menu of upscale restaurants at the center. Still left on the desired tenant list? A jewelry store, says Scott. With about 5k SF of remaining office space and 36% of the condos still to be sold, the center's leasing and sales have built up some steam since the end of the recession. Mid-America has handled the retail leasing for the owner, Opus North. Northmarq manages the center. |
