For Immediate Release - Wednesday, September 07, 2011
Algonquin Commons Fills Former Barley House Space and Announces Five New Leases
National retailers opening at the shopping center in time for the holiday season
OAK BROOK, Ill. – Inland Real Estate Corporation (NYSE:IRC) announced today that Niko’s Lodge has leased the space formerly occupied by Barley House at Algonquin Commons in Algonquin, Ill. Niko’s Lodge, a wilderness-themed steak and seafood restaurant, will open in the 8,824-square-foot space in late October. This will be the restaurant’s second location.
“One of the many great things about Algonquin Commons is the restaurant variety,” said Scott Carr, president of property management for IRC. “Niko’s Lodge will provide Algonquin Commons guests with yet another great dining choice.”
Algonquin Commons has seen an increase in leasing activity since January. Earlier this summer IRC announced that Ross Dress for Less, a national off-price apparel and home fashion retailer, will open one of its first Illinois stores at Algonquin Commons. The lease is one of six that the national retailer has signed with IRC, introducing Ross Dress for Less to the market at various IRC Chicagoland shopping centers.
In addition to Niko’s Lodge and Ross Dress for Less, three more stores will be introduced to Algonquin Commons: Shoelace, Inc., Sears Outlet and Gourmet Kernel. All of these stores will open between mid-September and late October.
“We’re pleased that these retailers have joined the Algonquin Commons group of 80 amazing tenants,” said Carr. “These stores will be open in time for the holiday season, allowing both the retailers and the shoppers to get the most out of their shopping experience.”
About Inland Real Estate Corporation
Inland Real Estate Corporation is a self-administered and self-managed publicly traded real estate investment trust that owns interests in 163 open-air neighborhood, community, power and lifestyle retail centers and single-tenant properties located primarily in the Midwestern United States, with aggregate leasable space of approximately 14 million square feet. Additional information on Inland Real Estate Corporation is available at http://www.inlandrealestate.com.