GNC Leases Space at Parrot Plaza in Melrose Park; Next Realty’s Retail Center Remains 100% Leased
Northbrook, Ill. (June 5, 2014)—GNC has signed a lease at Parrot Plaza, a retail center owned by an affiliate of Next Realty and located at 1401 W. North Ave. in Melrose Park. Ill. The neighborhood strip center remains 100 percent leased.
GNC has leased 1,200 square feet of space, the in-line space previously occupied by Play ‘N Trade, and will take occupancy after tenant buildout is completed. An opening is expected this summer.
An affiliate of Next Realty has owned Parrot Plaza, which is located in a high profile Melrose Park location since 2010. The center is situated in a densely populated area and can be easily accessed by both I-290 and I-294.The traffic count along North Ave. is 59,050 cars per day.
Co-tenants of Parrot Plaza include Chipotle, T-Mobile and Loya Insurance. The center is across the street from Winston Plaza, an established power center anchored by Meijer, LA Fitness, Marshalls, Best Buy and Office Max.
GNC Holdings, Inc., the parent of GNC, is a specialty retailer of health and wellness products, including vitamins, minerals, herbal supplement products, sports nutrition products and diet products. GNC has more than 8,200 locations, of which more than 6,200 retail locations are in the United States.
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