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Food Outlet, CVS Join MetraMarket

CHICAGO-Paris-based market operator Sebastien Bensidoun and pharmacy giant CVS combine to take 29,000 sf in the 200,000-sf ground-level retail redevelopment being created north of the Ogilvie Transportation Center.

By Mark Ruda | Updated on May 16, 2006

(To read more on the net lease market, click here.)

CHICAGO-MetraMarket, the 200,000-sf ground-level retail redevelopment being created beneath overhead commuter rail tracks, has landed a fresh food market as well as a pharmacy. Paris-based market operator Sebastien Bensidoun has signed a 15,000-sf lease to anchor the redevelopment while Providence, RI-based CVS is adding a 14,000-sf location in the new two-block retail area north of the Ogilvie Transportation Center.

“Fresh food markets have been an essential part of community life in Europe for centuries,” Bensidoun says. His market will serve a West Loop community that continues to see multifamily development. “Retail amenities for our West Loop residents are a priority, and this market is a welcome enhancement to the neighborhood,” says Fulton River District Association vice president Barbara Frankel Abrams. Adds U.S. Equities Realty chairman Robert A. Wislow, whose company oversees the development, management and leasing of the project, “A vibrant public market has always been a cornerstone of our vision for MetraMarket.”

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