6/25/2008

Jewel-Osco acquires 5.5 acres for development in Chicago

by Michael Wayne

Marshfield Plaza

Jewel-Osco has purchased a 5.5-acre development tract within the Marshfield Plaza retail center in south Chicago, Ill., from Primestor Development of Chicago.

Paul Bryant, Mary Beth Menelli and Richard Spinell of Oakbrook Terrace-based Mid-America Asset Management represented Primestor while Jewel-Osco was self-represented.

The property is located within Marshfield Plaza at W. 119th Street and Marshfield Ave. Jewel-Osco plans to use the land to construct a 62,000 square foot urban retail center. Marshfield Plaza is a to-be-built retail center that will ultimately encompass 454,000 square feet. It will open in two phases in October 2008 and Spring/Summer 2009.

Address: W. 119th St. and S. Marshfield Ave., Chicago, Ill.

Size: 5.5 acres

---

Filed Under: Retail

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the text from image below to this textbox

crefeed.com -- Related Headlines

• Cole Real Estate pays $180M for Florida retail center - 10/10/2008
• Gramercy Capital sells Wachovia-leased bank buildings in Pennsylvania - 10/8/2008
• NAI James E. Hanson to sell New Jersey restaurant - 10/6/2008
• CBRE negotiates $66.24M retail sale - 10/3/2008
• Dunhill Partners sells Fort Worth retail property - 10/3/2008
• Texas shopping center on the block - 10/2/2008
• Hanley markets Pasadena retail space for $15.47 - 10/1/2008
• Woodforest Shopping Center on the market - 10/1/2008
• Atlanta Walgreens brings $4.95M - 10/1/2008
• Southern retail portfolio up for $35M - 9/30/2008