Available Retail Properties

Available Retail Properties
Third Quarter
Quarter-- 2012
Major retailers located along IL Route 22
and US Route 12
LA Fitness opened Fall, 2012
Savers grand opening is October 4, 2012.
LEARN MORE:
Contact Vijay Gadde, Planning
Manager, at [email protected] or
847.540.1698 for more information about featured properties
Information contained herein is for reference only. The Village of Lake Zurich
assumes no liability for any errors and/
or omissions. Featured properties do
not represent all properties available
for sale or lease in the Village of Lake
Zurich.
www.volz.org/ed
Retail Market Overview
Third Quarter– 2012
Vacancy and Supply
2nd
2nd
Quarter
quarter
2011
2012
1st
2nd
Quarter
Quarter
2011
2012
2nd
3rd
Quarter
Quarter
2012
2012
1st
3rd
Quarter
Quarter
2012
2012
Total Units:
257
257 Total Retail Space (Sq. Ft.)
1,833,855
1,833,895
Total Vacant Units:
34
31 Total Vacant Retail Space
190,002
187,221
Total Occupied
1,643,853
1,646,674
Lake Zurich Retail Vacancy Rate: 10.36% 10.21%
Chicago Area Retail Vacancy Rate*:
11.70%
11.30%
National Average*: 11.30% 10.90%
*Source: National Association of Realtors www.realtors.org/reports/commercial-real-estate-market-outlook
Vacancy Rate: Last Four Quarters
Key Indicators
Vacancy
10.36%
10.21%
Rental Rate $15.31
$15.61
12
Vacancy Rate
Q2 2012 Q3 2012
11.5
11
10.5
10
9.5
9
Q4 11
Q112
Q2 12
Q3 12
2
LEARN MORE: www.volz.org/ed
Retail Properties for Sale or Lease
Third Quarter– 2012
3
14
13
12
15
2
10
Source: Loopnet.com
Num. Property Address
11
Firm
Contact Name
Phone Number
Sale or Lease
Price
1
207 South Rand Rd.
Unit
1,235
SK Lake Zurich Square, Inc
Ki Lim Lee
(224) 612-1703
Lease
$22.36 SF
1
217 South Rand Rd.
2,650
SK Lake Zurich Square, Inc
Ki Lim Lee
(224) 612-1703
Lease
$15 SF
1
199-217 S. Rand Rd.
SK Lake Zurich Square, Inc
Ki Lim Lee
(224) 612-1703
Sale and Lease
$3,099,999 or $24 SF
2
463 S. Rand Rd.
5,000
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$16 SF
2
475 S. Rand Rd.
5,675
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$16 SF
2
751 W. Rt. 22
1,168
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$16 SF
2
767 W. Rt. 22
1,100
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$16 SF
3
571 N. Rand Rd.
2,400
MEI Properties
Mark Ignas
(847) 574-1620
4
830 S. Rand Rd. (Former Yogi’s)
7,880
Cornerstone Commercial Properties
Spero Adamis
(312) 348-1000
Sale and Lease
$18 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
4
754 S. Rand Rd.
1,600
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$14 SF
4
724 S. Rand Rd.
5,600
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
$14 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
Katie Hennegan
(630) 954-7300
Lease
6
185 S. Rand Rd.
1,240
Mid-America Asset Management
Katie Hennegan
(630) 954-7300
Lease
6
181 S. Rand Rd.
1,260
Mid-America Asset Management
Katie Hennegan
(63) 954-7300
Lease
6
173 S. Rand Rd.
1,260
Mid-America Asset Management
Katie Hennegan
(630) 954-7300
Lease
6
159 S. Rand Rd.
1,260
Mid-America Asset Management
Katie Hennegan
(630) 954-7300
Lease
6
91 S. Rand Rd.
1,260
Mid-America Asset Management
Katie Hennegan
(630) 954-7300
Lease
6
83 S. Rand Rd.
1,260
Mid-America Asset Management
Katie Hennegan
(630) 954-7300
Lease
6
53 S. Rand Rd.
2.520
Mid-America Asset Management
Katie Hennegan
(630) 954-7300
Lease
7
449 Rand Rd. (Former Omega)
5,900
RJ Rymek & Co.
Richard Rymek
630-257-8888
Sale or Lease
7
561 W. Main St.
8,000
Dennis Conley
(847) 550-0639
8
235 S. Rand Rd
A013
5,675
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
850 W. Main St
B010
1,160
Federal Realty Investment Trust
Susan Ross
(561) 347-2929
Lease
9
225 S. Rand Rd. (Former K-Mart)
88,000
NAI Hiffman
Dan Hiffman
(630) 693-0655
Lease
10
890 C S. Rand Rd.
1,680
The Fidelity Group Ltd.
James Grund
(847) 438-5000
Lease
11
11
1261 S. Rand Rd.
1249 S. Rand Rd.
1,200
1,206
Craig/Steven Development Corporation
Craig/Steven Development Corporation
David Strusiner
David Strusiner
(847) 564-5740
(847) 564-5740
Lease
Lease
12
900-950 W. Main St.
9,103
Chicagoland Commercial Real Estate
Jason Shibata
(847) 246-9636
Sale or Lease
13
440 S. Rand Rd.-Former BP Station Land
2 acres
Dearborn Street Holdings LLC
John Rudy
14
Lease
15
155 S. Old Rand Rd.– Former Briggs Land
520 W. Rt. 22– Former Pathmann
Paints
Land
15
532 W. Rt. 22 Unit 1
1,500
15
532 W. Rt 22 Unit 2
1,500
900-140
LEARN MORE: www.volz.org/ed
Sq. Ft.
1.5 acres Lee and Associates
A. Rick Scardino
(773) 355-3040
.5 acres
Brian Pesmen
(773) 867-1500
Jim Iverhouse
(847) 726-2780
Lease
Jim Iverhouse
(847) 726-2780
Lease
Marcus and Millichap
$1,900,000 or $36.61 SF
$10 SF
$2,503,325
3
Retail Centers Property Information
Third Quarter– 2012
Retail Properties
Details
Leasing Contact
Location
Daniel Hiffman (630) 693-0655
[email protected]
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: 7,886 SF
(5.8%) Tenants: Dominick's, 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: 14,760 SF (26.3%) Katie Hennegan Mid-America Asset
Tenants: Curves, Julio's Latin Café, First American Bank, Management (630) 954-7300
33-193 S. RAND ROAD, LAKE ZURNAPA 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 Dentistry Group Ltd., Sport Clips
Total Square Feet: 10,409 Available for Lease: 3,885 SF
(33.2%) 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: 13,843 SF
(3.8%) at $16 SF Tenants: Target, Trader Joe's, Firestone,
Village Square
McDonalds, T.J. Maxx, OfficeMax, Petco
Lake Zurich Shopping Center
John De Wolfe Kimco Realty Corpora- 195-197 S. RAND ROAD, LAKE ZURtion (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
[email protected] SW corner of Rt. 12 and Ela Rd.
Total Square Feet: 85,016 Available for Lease: 2,281 SF
(2.7%) 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: 1,680 SF at
(8.6%) Tenants: Sherwin Williams, Nova Care Rehabilitation, Massage Life Spa
Total Square Feet: 42,764 Available for Lease: Fully
Leased (0%) Tenants: LA Fitness
James Grund The Fidelity Group Ltd.
(847) 438-5000
[email protected]
Bruce Danly Jr. Oxford Development
Partners (847) 884-4820
Total Square Feet: 7,000 Available for Lease: Fully
Deerpath Court Outlot
Leased (0%) Tenants: Oberweis, Back to Bed
Total Square Feet: 308,293 Available for Lease: 36,180
(11.7%) Tenants: Jo-Ann Fabrics, Goodwill, Monkey Joes,
Deerpath Court Shopping Center Wal-mart, Sear's Appliance and Hardware
James Grund The Fidelity Group Ltd.
(847) 438-5000
[email protected]
James Grund The Fidelity Group Ltd.
(847) 438-5000
[email protected]
Deerpath Plaza
Lake Zurich Retail Center
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: Fully
Leased (0%) Tenants: La-Z-Boy, The Tile Shop, Binny's,
ALDI, Home Decorator's Collection
James Grund The Fidelity Group Ltd.
(847) 438-5000
917-1015 S. Rand Rd. Lake Zurich, IL
[email protected] 60047
Courtyard of Lake Zurich
Total Square Feet: 348,340 Available for Lease: 2,406 SF
(6.3%) Tenants: Walgreens, Chase, NW Community Hos- David Strusiner Craig/Steven Devel- 1201-1289 S. Rand Rd. Lake Zurich,
pital Health Services, Lou Malnati's Pizzeria
opment Corporation (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, Little 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, Fifth Third Bank, Pearle Vision
Lake Zurich Shoppes
Total Square Feet: 11,200 Available for Lease: 2,400 SF
(21.4%) Tenants: Sandy Point Dental, Bedding Experts,
Diamond Fresh Seafood, Salon Coccole & Spa
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: Fully
Leased (0%)
(Various)
Various
Miscellaneous Retail
Total Square Feet: 61,190 Available for Lease: 13,900 SF
(20%)
(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
[email protected] 60047
Greg Winner Hamilton Partners (630) 600-680 S. Rand Rd. Lake Zurich, IL
250-4890 [email protected]
60047
Mark Ignas MEI Properties, LTD (847) 545-591 S. Rand Rd. Lake Zurich, IL
574-1620
60047
4