Photo courtesy of Rick B. on Yelp
While construction of retail space is generally occurring at a moderate pace in metro Chicago, the grocery-anchored segment stands out for its high volume of activity. Retailers such as Mariano’s and The Whole Foods Market are driving the lion’s share of new leases and development.
“While new construction of power center projects may be below historic levels, backfilling of grocery-anchorod projects are at or above historic levels,” says Greg Bayer, senior vice president of the Mid-America Urban division of Mid-America Real Estate Corp…Read more.
— By Christina Cannon, Associate Editor, France Media Inc. This article originally appeared in the February 2016 print edition of Heartland Real Estate Business
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