4.5 Acre Site Provides Retail Opportunities in Dense Urban Market
Harlem Irving Companies is pleased to announce the acquisition of a 4.5-acre site immediately adjacent to the north end of Harlem Irving Plaza (the HIP). This flagship property is now poised to expand laterally for the first time in 50 years, bringing with it a stellar retail history including 30 years of 98% occupancy and average retail sales of $460 per square foot, making it one of the most successful regional retail centers in Chicagoland.
OPPORTUNITIES FOR UP TO 130,000 SQUARE FEET OF NEW SHOP SPACE!
Notable facts about the 700,000 square-foot Harlem Irving Plaza:
An occupancy rate of 98% for the past 30 years.
Average retail sales of $460 per square foot.
A primary trade area population of 1 Million+ shoppers.
A progressive ownership that has doubled the size of the open-air center since its opening in 1956, with Target opening in 2004.
A desirable location 12 miles from downtown Chicago.
A sturdy roster of anchors including Target, Kohl's, Carson Pirie Scott and Best Buy.
Other HIP tenants that include Express, The Disney Store, Forever 21, Hot Topic, LensCrafters, Bath and Body Works, Victoria's Secret, Limited, and New York & Company.
