Property Information
Douglas Park Plaza
3250 W. Roosevelt Rd. Chicago, IL 60624
Opportunity
In 2017, SVP of Brokerage Terri Cox handled the leasing for a former Dominicks anchored shopping center in the densely populated Lawndale neighborhood of Chicago. Underserved markets like Lawndale have seen disinvestment in their communities for decades.
Method
Cox generated several proposals from several national retailers to redevelop the largest shopping center in the Lawndale neighborhood.
mnot only leased up 115,000 SF of retail space through six leases, but they also worked on $1.2 million in funding from a Neighborhood Opportunity Fund grant. This allowed local operator, Living Fresh Market, formerly Leamington Foods, to redesign and develop a store that better serves the community.