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Leasing Activity Around the Portfolio

Next Realty has experienced strong leasing momentum across its portfolio of properties, particularly its retail properties located in the Chicago metro area.

At Wilmette Commons (50-126 Skokie Blvd.) CycleBar has leased approximately 2,800 square feet of space. CycleBar offers a low-impact, high-intensity indoor cycling experience that has become an increasingly popular method of exercise. This will be the seventh location for CycleBar in the Chicago metro area. An opening is expected late this year. With the addition of CycleBar to the tenant roster at Wilmette Commons, the retail center has evolved into a health and wellness service center. Other tenants there that support this concept include ATI, SpaDerma, Salon Fusion, Spa Nail City, Palm Beach Tan, New Vision Optical, and Osteo Strong.

Dental Town has leased approximately 2,300 square feet of space at Parrot Plaza (1401 W. North Ave.) in Melrose Park, expanding its number of Chicago area locations to eight. Dental Town Chicago was established in 2013 with a community focus to provide an affordable yet amazing dental experience for kids and adults in the Chicago area. Dental Town implements the latest in dental technology, performing a variety of services in state-of-the-art facilities. A Summer opening is expected.

Roadhouse 38, the third in a series of restaurants owned by Jay DeMarco, is expected to open in approximately 5,900 square feet of space in June at Roosevelt Plaza (201-275 West Roosevelt Rd.) in Lombard. The restaurant will feature an American Bar classic menu featuring a variety of different burgers, steaks, mac ‘n cheese and its signature rib-eye steak sandwich, among other items. Other tenants within the center include Hobby Lobby, Harbor Freight Tool, X Sport Fitness and Fruitful Yield, among others.

Chill Bubble Tea has leased an approximately 1,700-square-foot space at Next’s Niles Retail Center (7233 W. Dempster St.) at the corner of Dempster St. and Harlem Ave. This will be the seventh location for Chill Bubble Tea, a Chicago-based, privately owned and operated company. In addition to bubble tea, it also serves smoothies and high-quality teas. Chill Bubble Tea will be located in the outlot at our Niles Retail Center, next to AT&T and Little Caesars.

Urban Air Adventure Park, a new franchise of our tenant in Franklin, TN (Nashville) has completed a lease for approximately 28,000 square feet (3201 E. Lincoln Highway) in Merrillville, IN. The adventure park features trampolines, climbing walls, virtual reality, a slam dunk zone, a ropes course, and an obstacle course, among many other attractions. There also is a food/concession area. Construction on the space is expected to begin shortly. Other tenants of the Merrillville Center include Big Lots and Xfinity.

Edie’s All Day Café & Bar (Edie’s) completed a lease for approximately 4,000 square feet of ground-floor restaurant space at Chicago’s Kingsbury Center (354 West Hubbard). This represents a second River North location for Edie’s. This concept is a blend of café, restaurant, workspace, and wine bar—a place where people can meet, work, and create throughout the day. Edie’s was founded by hospitality veterans Matt Matros, Arturo Gomez, and Chef Partner, Chris Dunstatter. A late Spring/early Summer opening is anticipated.


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