CHICAGO—Next Realty LLC, a firm based in suburban Chicago, has just completed a set of new lease transactions totaling 62,779 square feet of space at retail centers it owns and manages in Lombard, Schaumburg, Lincolnshire and Oak Lawn.
In largest of the transactions, The Sports Authority has completed a lease extension of the 42,206 square-foot space it occupies at Sports Authority Plaza, 1015 E. Golf Rd. in Schaumburg. Next Realty considers itself a long-term investor, and one of its affiliates has owned the center, located next to Woodfield Commons and just west of Woodfield Shopping Center, since 1978. In addition to The Sports Authority, the other tenant of the center is GFS Marketplace.
At Hobby Lobby Plaza in Lombard, Harbor Freight Tools USA, Inc. has completed a lease renewal for 14,958 square feet of space. The 124,786 square-foot center is located at 225 W. Roosevelt Rd. The center, which an affiliate of Next Realty has owned and managed since 1993, is leased to additional tenants that include Hobby Lobby, X-Sport Fitness, Dollar General and Starbucks.
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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.
