Matanky Realty Group Drives 100 Percent Occupancy at Yates Plaza
Apr 2, 2018
National giant, Family Dollar continues expansion in the Chicagoland area(April 2, 2018) – CHICAGO, ILL. – Matanky Realty Group (MRG) today announces Yates Plaza, 2231-2251 E 95th Street, has reached maximum occupancy. Broker Associate, Zach Slagle completed the transaction, guiding the property from 50 percent occupancy to fully leased.
Located in South Chicago, the property currently houses a mix of national and local tenants including ALDI, JenCare and Alderman Greg Mitchell. Family Dollar is the latest to join these tenants and will occupy 9,700 square feet. They are expected to open Summer 2018.
In addition to ample square footage, this location will provide Family Dollar with the exposure it needs. Yates Plaza typically sees 26,000 vehicles per day and boasts a population of 181,000 potential shoppers within a 3-mile radius.
“After reviewing the site and examining turnover for small shop tenants along 95th Street, we immediately pursued tenants who could occupy the total vacant square footage,” said Slagle. “With the presence of a national retailer, this transaction stabilized the client’s center for the foreseeable future.”
Family Dollar operates nearly 7,500 stores nationwide with a number of locations in the Greater Chicago Area. The Matanky team has completed six of these transactions, successfully integrating Family Dollar into Chicagoland properties and surrounding markets.
Though this is Slagle’s first contract with Family Dollar, he is no stranger to working with large companies. He has successfully negotiated over eighty transactions with local, regional and national tenants. Slagle works closely with landlords, tenants, municipalities and city officials to bring a healthy tenant mix, that not only benefits landlords, but also the communities in which they serve.
ABOUT MATANKY REALTY GROUP Matanky Realty Group is a full service commercial real estate firm specializing in brokerage, acquisition, development, redevelopment, real estate consulting, leasing and management. Since 1955, Matanky Realty Group has offered clients national perspective while providing the individualized attention that only comes with a boutique firm. Join us in shaping our communities at matanky.com and @MatankyRealty.