CHICAGO- Paragon Real Estate, an Oak Brook-based commercial real estate developer, announced on Monday that they had purchased a 42,500-square-foot former Wickes Furniture building at Randall Road and McKee Street in suburban Batavia and executed a lease with Art Van Furniture, making this the Michigan-based retailer’s first Chicago-area location.
Nearly one year ago, Crain’s Detroit Business reported that Art Van, which operates dozens of outlets in Michigan, was scouting locations in Chicago. And on March 21, the Daily Herald Business Ledger reported that Art Van had leased 183,500-square-feet in a 453,090-square-foot distribution building within the Bolingbrook Corporate Center West at 1150 W. 115th St.