Retail Summary Portrait

AvailableRetailProperties
AvailableRetailProperties
FirstQuarter
FirstQuarter--2012
2012
Major retail centers located along IL
Route 22 and US Route 12
Opening this fall, Oxford Real Estate Equies will rehabilitate the former Wickes
Furniture building for LA Fitness.
LEARN MORE:
Contact Vijay Gadde, Planning
Manager, at [email protected] or
847.540.1698 for more informa1on about featured proper1es
Informaon contained herein is for reference only. The Village of Lake Zurich
assumes no liability for any errors and/
or omissions. Featured properes do
not represent all properes available
for sale or lease in the Village of Lake
Zurich.
www.volz.org/ed
RetailMarketOverview
First Quarter– 2012
Vacancy and Supply
1st
Quarter
1st
Quarter
1st
Quarter
1st
Quarter
2011
2012
2011
2012
Total Units:
261
Total Vacant Units:
41
257
Total Retail Space (Sq Ft)
1,822,231
1,830,852
37 Total Vacant Retail Space
230,577
197,782
Total Occupied
1,591,654
1,633,070
Lake Zurich Retail Vacancy Rate Q1 12.65% 10.75%
Chicago Area Retail Vacancy Rate
9.50%
Q1 2012*: 9.80%
Naonal Average 2012:** 12.50% 11.90%
*Source: Crain’s Business Retail vacancy falls, but “big divide” in submarkets January, 2012 <hDp://www.chicagorealestatedaily.com/
arcle/20120116/CRED02/120119839>
**Source: Naonal Associaon of Realtors. Commercial Real Estate Outlook Q1 2012.<hDp://www.realtor.org/research/research/
Market Indicators
Historical Retail Vacancy Rate
Lake Zurich Area
2011
Q1 2012
12.65%
10.75%
Rental Rate $18.39
$17.48
Vacancy Rate
Vacancy
13
12.5
12
11.5
11
10.5
10
9.5
Q1 09
LEARN MORE: www.volz.org/ed
Q1 10
Q1 11
Q1 12
2
RetailPropertiesforSaleorLease
RetailPropertiesforSaleorLease
First Quarter– 2012
10
2
12
Source: Loopnet.com
Num. Property Address
11
Unit
Sq.Ft.
1
207 South Rand Rd.
1,235
1
217 South Rand Rd.
2,650
1
199-217 S. Rand Rd.
2
463 S. Rand Rd.
2
751 W. Rt. 22
2
Firm
Contact Name
Phone Number
Sale or Lease
Price
SK Lake Zurich Square, Inc
Ki Lim Lee
(224) 612-1703
Lease
$22.36 SF
SK Lake Zurich Square, Inc
Ki Lim Lee
(224) 612-1703
Lease
$15 SF
SK Lake Zurich Square, Inc
Ki Lim Lee
(224) 612-1703
Sale and Lease
$3,099,999 or $24 SF
3,000
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$16 SF
1,168
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$16 SF
767 W. Rt. 22
1,100
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$16 SF
3
540 Cortland Dr.
26,500 Chicagoland Commercial Real Estate
Randy Olczyk
(847) 246-9611
Sale and Lease
$1,722,500 or $9.50 SF
4
830 S. Rand Rd.
7,980
Archos
(815) 404-1613
Sale and Lease
$20 SF
4
808 S. Rand Rd
3,000
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$14 SF
4
796 S. Rand Rd
4,000
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$14 SF
4
748A S. Rand Rd
21,000 The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$12 SF
5
492 S. Rand Rd.
1,231
Jung Partnerships
Jim Jung
(773) 545-8515
5
523 Ela Rd.
1,050
Jung Partnerships
Jim Jung
(773) 545-8515
6
189 S. Rand Rd.
4,700
Mid-America Asset Management
Kae Hennegan
(630) 954-7300
Lease
6
185 S. Rand Rd.
1,240
Mid-America Asset Management
Kae Hennegan
(630) 954-7300
Lease
6
173 S. Rand Rd.
1,260
Mid-America Asset Management
Kae Hennegan
(630) 954-7300
Lease
6
159 S. Rand Rd.
1,260
Mid-America Asset Management
Kae Hennegan
(630) 954-7300
Lease
6
95 South Rand Rd.
3,000
Mid-America Asset Management
Kae Hennegan
(630) 954-7300
Sale or Lease
6
6
83 S. Rand Rd.
69 S. Rand Rd.
1,260
1,260
Mid-America Asset Management
Mid-America Asset Management
Kae Hennegan
Kae Hennegan
(630) 954-7300
(630) 954-7300
Lease
Lease
6
53 S. Rand Rd.
2.520
Mid-America Asset Management
Kae Hennegan
(630) 954-7300
Lease
7
449 Rand Rd.
5,900
RJ Rymek & Co.
Richard Rymek
630-257-8888
Sale or Lease
8
235 S. Rand Rd
A013
5,675
Federal Realty Investment Trust
Susan Ross
(561) 347-2929
Lease
8
275 S. Rand Rd
A009
2,025
Federal Realty Investment Trust
Susan Ross
(561) 347-2929
Lease
8
353 S. Rand Rd
B001
1,051
Federal Realty Investment Trust
Susan Ross
(561) 347-2929
Lease
8
361 S. Rand Rd
B002
1,160
Federal Realty Investment Trust
Susan Ross
(561) 347-2929
Lease
8
369 S. Rand Rd
B003
1,051
Federal Realty Investment Trust
Susan Ross
(561) 347-2929
Lease
8
800 W. Main St
B005
2,092
Federal Realty Investment Trust
Susan Ross
(561) 347-2929
Lease
8
850 W. Main St
B010
1,160
Federal Realty Investment Trust
Susan Ross
(561) 347-2929
Lease
9
10
10
11
11
12
225 S. Rand Rd.
520 W. Rt. 22
522 W. Rt. 22
1261 S. Rand Rd.
1249 S. Rand Rd.
900-950 W. Main St.
Garden Commercial Properes
900-140
88,000
5,000
1,100
1,200
1,206
9,103
Mark Hoffman
Jim Iverhouse
Jim Iverhouse
David Strusiner
David Strusiner
Jason Shibata
(973) 467-5000
(847) 985-9439
(847) 985-9439
(847) 564-5740
(847) 564-5740
(847) 246-9636
Lease
Lease
Lease
Lease
Lease
Sale or Lease
LEARN MORE: www.volz.org/ed
Craig/Steven Development Corporaon
Craig/Steven Development Corporaon
Chicagoland Commercial Real Estate
$150,000 or $19.20 SF
$1,900,000 or $36.61 SF
$10 SF
$2,503,325
3
RetailCentersPropertyInformation
RetailCentersPropertyInformation
First Quarter– 2012
Retail Proper1es
Details
Leasing Contact
Loca1on
Daniel Hiffman (630) 693-0655
dan@hiffman.com
225 S. Rand Rd. Lake Zurich, IL
60047
Northlake Commons
Total Square Feet: 88,000 Available for Lease: 88,000
(100%) SF Tenants: None
Total Square Feet:138,514 Available for Lease: 20,556 SF
(14.8%) Tenants: Dominick's, Sonic, Wendy's, Fitness 19,
Bank of America, Learning Express, Massage Envy
Susan Ross Federal Realty Investment Trust (561) 347-2929
Illinois Route 22 & US Rte 12 Lake
Zurich, IL 60047
Lakeview Plaza
Total Square Feet: 56,160 Availability: 12,260 SF (21.8%) Kae Hennegan Mid-America Asset
33-193 S. RAND ROAD, LAKE ZURTenants: Curves, Julio's Lan Café, First American Bank, Management (630) 954-7300
NAPA Auto Parts
[email protected]
ICH, ILLINOIS
Former K-Mart Property
Total Square Feet: 26,868 Availability: Fully Leased (0%)
Tenants: Holiday Inn Express, Starbucks, Couture 360,
Holiday Inn/ Shops of Lakeview Child Denstry Group Ltd., Sport Clips
Total Square Feet: 10,409 Available for Lease: 2,600 SF
(25%) For Sale: $3,099,999 Tenants: Dairy Queen, SubLake Zurich Square Shopping
way, Edward Jones Investments, Tae Kwon Do, State
Center
Farm
Total Square Feet: 367,129 Available for Lease: 7,268 SF
(2%) at $16 SF Tenants: Target, Trader Joe's, Firestone,
McDonalds, T.J. Maxx, OfficeMax, Petco
Village Square
Lake Zurich Shopping Center
Deerpath Plaza
Lake Zurich Retail Center
John De Wolfe Kimco Realty Corpora- 195-197 S. RAND ROAD, LAKE ZURon (847) 294-6417
ICH, ILLINOIS
Ki Lim Lee SK Lake Zurich Square, Inc. 199-217 S. Rand Rd. Lake Zurich, IL
(847) 913-5395
60047
James Grund The Fidelity Group Ltd.
(847) 438-5000
james.grund@fidelitygroupltd.com SW corner of Rt. 12 and Ela Rd.
Total Square Feet: 85,016 Available for Lease: 1,031 SF
(1.4%) Tenants: Jewel-Osco, Burger King, Hallmark, Jimmy Jim Jung Jung Partnerships (773) 545Johns
8515
NW corner of Ela Rd. and Rt. 12
Total Square Feet: 19,480 Available for Lease: 2,500 SF at
$15 SF (12.8%) Tenants: Sherman Williams, Nova Care
Rehabilitaon, Massage Life Spa
Total Square Feet: 42,764 Available for Lease: 42,764 SF
(100%) Tenants: LA Fitness (coming in fall)
James Grund The Fidelity Group Ltd.
(847) 438-5000
james.grund@fidelitygroupltd.com
Bruce Downly Jr. Oxford Development Partners (847) 884-4820
James Grund The Fidelity Group Ltd.
Total Square Feet: 7,000 Available for Lease: Fully
(847) 438-5000
Deerpath Court Outlot
Leased (0%) Tenants: Oberweis, Back to Bed
james.grund@fidelitygroupltd.com
Total Square Feet: 308,293 Available for Lease: 28,000 at James Grund The Fidelity Group Ltd.
$14 SF (9.1%) Tenants: Jo-Ann Fabrics, Goodwill, Monkey (847) 438-5000
james.grund@fidelitygroupltd.com
Deerpath Court Shopping Center Joes, Wal-mart, Sear's Appliance and Hardware
884 S. Rand Rd. Lake Zurich, IL
60047
825 South Rand Road, Lake Zurich,
IL 60047
684 - 690 S. Rand Rd. Lake Zurich, IL
60047
748-888 S. Rand Rd. Lake Zurich, IL
60047
Deerpath Commons
Total Square Feet: 146,117 Available for Lease: 20,500 at James Grund The Fidelity Group Ltd.
$16SF (14%) Tenants: La-Z-Boy, The Tile Shop, Binny's, (847) 438-5000
917-1015 S. Rand Rd. Lake Zurich, IL
ALDI, Home Decorator's Collecon
james.grund@fidelitygroupltd.com 60047
Courtyard of Lake Zurich
Total Square Feet: 348,340 Available for Lease: Fully
Leased (0%) Tenants: Walgreens, Chase, NW Community David Strusiner Craig/Steven Devel- 1201-1289 S. Rand Rd. Lake Zurich,
Hospital Health Services, Lou Malna's Pizzeria
opment Corporaon (847) 564-5740 IL 60047
Lake Zurich Retail Center
Total Square Feet: 66,564 Available for Lease: None (0%)
Tenants: Walker Brothers, Beelow's Steak House, Regal
Lake Zurich 12, Tutor Time, Starbucks
Total Square Feet: 11,943 Available for Lease: None (0%)
Tenants: D&J Bistro, Midwest Goldbuyers, LiDle Caesars
Pizza, Wireless Central, Art and Frame Galerie
Total Square Feet: 288,985 Available for Lease: None
(0%) Tenants: Costco, Home Depot, TGI Fridays, Verizon
Wireless, FiWh Third Bank, Pearle Vision
Lake Zurich Shoppes
Total Square Feet: 11,200 Available for Lease: None (0%)
Tenants: Sandy Point Dental, Bedding Experts, Diamond Mark Ignas MEI Properes, LTD (847) 545-591 S. Rand Rd. Lake Zurich, IL
Fresh Seafood, Salon Coccole & Spa
574-1620
60047
7 Eleven Shopping Center
Total Square Feet: 10,300 Available for Lease: None (0%)
Tenants: 7-Eleven, Tortrice's Pizza, H&R Block, John's
Cleaners, Farmer, Poklop, Hoppa & Company, Marathon (Various)
1100-1125 S. Old Rand Rd. Lake
Zurich, IL 60047
West Rt. 22 Businesses
Total Square Feet: 46,780 Available for Lease: 5,000 SF
(10.7%)
(Various)
Various
Miscellaneous Retail
Total Square Feet: 61,190 Available for Lease: 8,370 SF
(13.7%)
(Various)
Various
Lake Zurich Theaters PUD
1st Bank Plaza PUD
LEARN MORE: www.volz.org/ed
755-775 S. Rand Rd. Lake Zurich, IL
(Various)
60047
James Grund The Fidelity Group Ltd.
(847) 438-5000
446-484 S. Rand Rd. Lake Zurich, IL
james.grund@fidelitygroupltd.com 60047
Greg Winner Hamilton Partners (630) 600-680 S. Rand Rd. Lake Zurich, IL
250-4890 [email protected]
60047
4