The retailer has chosen the Arboretum of South Barrington as its first Chicago area location. The company signed a lease for a 30,000 sf store at the property, a 600,000-sf lifestyle center at the intersection of Illinois Routes 59 and 72. The term of the lease for L.L. Bean is 15 years, says Michael Jaffe, president of Jaffe Cos.
The location will be the company's 11th store and the first store that is not in the Northeast corridor, the spokeswoman says. The Chicago area was chosen because L.L. Bean already has a large customer base here, she says. South Barrington "is some place that did have an appeal to us with the new lifestyle center as well as the location within Chicago," she says.
Jaffe Cos., based in Northbrook, IL, is developing the lifestyle center with Rreef being a capital partner. The $200 million project is being constructed on an 86-acre parcel that is the site of a former tree nursery and less than a mile from Interstate 90. "The Arboretum distinguished itself for L.L. Bean because of its proximity to the highway and the four-way interchange at Interstate 90, the quality of the project, the caliber of the co-tenancy and the architectural and landscaping detail," Jaffe says.
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