Red Robin Inks Deals Across Illinois

CHICAGO—Lee & Associates of Illinois, LLC has just finished representing the Red Robin restaurant chain in four new leases for over 20,000-square-feet of space located across Illinois. Rick Scardino, the director of Lee’s retail brokerage, says the market still looks good for tenants. “I think tenants more often than not have a good position at the table,” although having a client like Red Robin certainly helps. “None of these deals are easy to make, but they are a sought-after tenant.” This set of agreements took between one and four years to finish up, he adds, although all four sites will open this year.

The longest and most complex negotiation was for a 5,710-square-foot space located in the Harlem and Irving Plaza in suburban Norridge. The owners have begun making the first major additions to the mall, first built in the 1950′s, and Red Robin will occupy one of the new spaces. The chain also signed a lease for a 5,901-square-foot space in the Oakbrook Center Mall in Oak Brook. Fred Murray of Harlem Irving Companies represented building ownership in the Norridge transaction and Randy Guse, formerly of General Growth Properties, represented the owners in the Oak Brook lease.