CHICAGO—Paragon Real Estate has broken ground on a retail project at the southeast corner of Milwaukee Avenue and Artaius Parkway in north suburban Libertyville. They have reached an agreement with specialty retailer Trader Joe's to move later this year into the entire 12,500-square-foot building under construction at 1600 S. Milwaukee Ave. Oak Brook-based Paragon has also begun developing an 8,100-square-foot meant for up to three retailers at the south end of the 3-acre site.
Tom Williams, a managing partner of Paragon, says major employers such as Hollister, CDW and Advocate Condell Medical Center sit just nearby and a Trader Joe's will draw “loyal customers from a wide area and is sure to be a popular and convenient stop for the surrounding workforce. The development has excellent visibility along Milwaukee Avenue, which has a steady flow of consumers driving by.”
A Mariano's Fresh Market, Lowe's, Staples and Starbucks are located directly across from the site, and a Jewel-Osco is located just north of the new development.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
