For Immediate Release - Wednesday, March 31, 2010
Inland Real Estate Corporation signs over 101,000 square feet of grocery space
IRC Secures independent grocers as anchors in West Chicago and Country Club Hills
OAK BROOK, ILL. (March 31, 2010) – Inland Real Estate Corporation (NYSE: IRC) today announced the signing of two new leases with local and independent grocers Michael’s Fresh Market and Tampico Fresh Market. The new leases total over 101,000 square feet.
Michael’s Fresh Market, a leading independent grocer in the Chicago area, signed a 56,118-square-foot lease at the Shops at Coopers Grove in Country Club Hills, Ill. Michael’s Fresh Market will replace a former Eagle Grocer. Tampico Fresh Market, owned by a local grocer who has been in business over 20 years, signed a 45,000-square-foot lease in Oliver Square located in West Chicago, Ill. This will be Tampico’s second location in West Chicago.
“By securing new grocery tenants for these two locations in West Chicago and Country Club Hills, we are fulfilling a need in the community while revitalizing these centers with new anchor tenants,” said Jeff Howard, vice president and senior leasing representative. “Grocery-anchored shopping centers consistently perform through all economic cycles, and these value-based independent grocers saw an opportunity to expand into well-located shopping centers with high visibility. Adding grocers to these centers will increase foot traffic and serve as a draw for additional retail tenants.”
Shops at Coopers Grove is a 72,518-square-foot shopping center located at 4044-4112 West 183rd Street in Country Club Hills, Ill. Oliver Square is located at 1935 Neltnor in West Chicago, Ill. and totals over 200,000 square feet.
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 139 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 more than 14 million square feet. Additional information on Inland Real Estate Corporation is available at http://www.inlandrealestate.com.
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