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Next Realty Completes 63K in Sub. Leases

CHICAGO—Low interest rates, tenant demand and a growing Chicago economy are fueling a lot of activity in the region's retail market.

By Brian J. Rogal | Updated on May 04, 2015

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.

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