The 88,000-sf Kohl's is expected to open next month. Kohl's acquired the site and is constructing the store. Danielson says he does not have an estimate for the cost to construct the department store. A TGI Friday's and Boston's The Gourmet Pizza are expected to open next spring on two outlots at the development, he says. Construction will being next spring on two retail strip buildings, which will have a total of approximately 9,000 sf, Danielson says. The shopping center has one outlot that is still for sale and will probably construct an additional 30,000 sf of inline retail space, he says.
Super Target was the first retailer to open at the 117-acre development in 2005. Major tenants in the shopping center include Best Buy, Dick's Sporting Goods, PetSmart, OfficeMax, Lane Bryant, Sally Beauty Supply, ULTA3, Bank of America, KFC, Taco Bell and Arby's. Brookside Marketplace is currently about 75% occupied, according to Danielson. The asking lease rate is between $22 per sf and $24 per sf, net, he says. Ryan Cos. is currently in letter-of-intent negotiations with a clothing retailer, similar to Old Navy, Abercrombie & Fitch and the Gap. The clothing retailer is expected to occupy between 15,000 sf and 25,000 sf, Danielson tells GlobeSt.com.
Ryan Cos. is developing Brookside Marketplace because Tinley Park is an underserved retail market, he says. "The Chicago market overall is still very strong and the Tinley Park market is absolutely underserved," he says. The village of Tinley Park is adjacent to Orland Park, IL, which has Orland Square Shopping Center and numerous retail centers, but it can take a "considerable" time for Tinley Park residents to travel there, Danielson says. "We just felt there was a separate trade area from Orland Park." The location of the shopping center is also near the interchange for Interstate 80 at Harlem Ave.
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