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What's New at Imperial?

August 04, 2008

PRESS RELEASES:

Imperial Realty Company Breaks Ground on an Outlot Building at Golf-Milwaukee Plaza, Niles, IL
Date Posted 8/1/08
Imperial Realty Company is excited to announce that construction has begun on a new 12,000 square foot free-standing retail building along Golf Road in the Wal-Mart anchored Golf-Milwaukee Plaza at Golf and Milwaukee Roads in Niles.  This newly constructed building is being built on the former Bennigan’s pad. A late fall 2008 completion is planned.

Imperial Realty Company Completes New DesignPac Lease, 2721 Edgington Street, Franklin Park, IL
Date Posted 8/1/08
Imperial Realty Company welcomes back DesignPac, a seasonal tenant occupying 270,000 square feet at 2721 Edgington Street  in Franklin Park, IL. DesignPac specializes in designing and building specialty gourmet food, candy, liquor and seasonal gift products. DesignPac sells their gift and decorative product accessories to retail stores, which include Albertson’s, BJ’s Wholesale Club, Costco Wholesale, Federated Department Stores, Marshalls, Sam’s Club, Target, TJ Maxx and Wal-Mart.

Imperial Realty Company Completes New Lease with Paul Stuart Inc.
107 E. Oakton, Chicago, IL
Date Posted 7/23/08
Imperial Realty Company has completed a 6,300 square foot lease with Paul Stuart Inc., an upscale men’s retailer, at 107 E. Oak Street in Chicago.  Paul Stuart is relocating their business from the John Hancock Center. An early fall 2008 opening is planned.  Fred Lev & Co. brokered this transaction.

Leasing is Brisk at Belvidere Mall - Waukegan, IL
 Date Posted:  7/1/08
Imperial Realty Company would like to welcome new retail and service tenants to the Belvidere Discount Mall, located at the southwest corner of Route 120 (Belvidere Road) and Lewis Avenue in Waukegan, Illinois.   Six new leases have recently been signed at Belvidere Discount Mall, totaling 11,908 square feet:

  • Studio 120, a 1,553 sq. ft. beauty salon, providing hair care and minor spa services to the community. 

  • Arenas Style, a 3,118 sq. ft. women’s fashion store, selling clothes, perfumes, and miscellaneous accessories and provides for custom screen prints on tee-shirts, hats, and other clothing items. 

  • Hanna’s Jewelry, a 2,308 sq. ft. jewelry store selling both mid and high-end fashion jewelry. 

  • Waukegan Amusements, a 1,313 sq. ft. arcade providing entertainment, prizes, and activities for its patrons.

  • Waukegan Laundromat, a 3,316 sq. ft. full service laundromat providing washing and drying facilities for the local community in a clean, modern facility relying primarily on  card-driven purchases of time for using washers and dryers, as well as a "customer appreciation" bonus for use by laundromat patrons in the connected arcade. 

  • Greyhound Lines, a 300 sq. ft. kiosk, provides the local community with ticket services for Greyhouond bus lines, replacing the previous service terminal on Grand Avenue.  Buses pick-up and drop-off packages and patrons outside the west entrance by the Waukegan Laundromat. 

Golf-Milwaukee Plaza - Asian Restaurants to Open and Expand - Niles, IL
Date Posted 05/29/08
Imperial Realty Company is pleased to announce the renewal and expansion of its longtime tenant, New China Buffet and is pleased to announce a lease transaction completed with Woori Village, a Korean BBQ Restaurant.

New China Buffet located at 8520 Golf Road will now occupy approximately 7,100 square feet at Golf Milwaukee Plaza, which is located at the northeast corner of Golf & Milwaukee Avenues in Niles. New China Buffet previously leased 6,100 square feet in the building and needed additional space to accommodate their flourishing business.

Woori Village will be located at 8526-G Golf Road and will occupy 10,000 square feet. Woori Village's menu offers a great Korean BBQ, which includes marinated pork, kalbi, ribs, etc. and offers an all-u-can-eat option as well. A fall 2008 opening is planned. Imperial Realty brokered this 10-year lease for New China Buffet and Midwest Realty in conjunction with Imperial Realty brokered this 10-year lease for Woori Village.

Imperial Realty Company Breaks Ground on a First Floor Retail Conversion at Peterson & Cicero Office Building
Date Posted 05/29/08
Imperial Realty Company is pleased to announce the beginning renovation of the first floor of their headquarters building, Edens View, 4747 West Peterson, Chicago. This enables Imperial Realty to offer retail tenants 3,500 square feet of street exposed space along Cicero Avenue.Crain's Names Imperial Realty One of Chicago's Largest Property Management Firms

Imperial Realty Company Named in Crain's Top 25 Property Management Firms
Date Posted 03/24/08
Crain’s Chicago Business magazine, March 17, 2008 issue, has named Imperial Realty Company as one of the Top 25 commercial Property Management firms in the Chicagoland area.  This is the ninth year in a row that Imperial was recognized in this elite commercial real estate category by Crain’s.

Imperial Realty Company Completes New Ruby of Siam Lease - 170 West Washington, Chicago, IL
Date Posted 3/14/08
Imperial Realty Company has completed a 3,121 square foot lease with Ruby of Siam at 170 W. Washington, between Wells and LaSalle Streets in Chicago’s Loop. Ruby of Siam has two other locations in the Chicago land area; 1125 Emerson in Evanston and 9420 Skokie Boulevard in Skokie. Ruby of Siam’s menu offers authentic Thai dishes which are prepared from fresh ingredients and cooked to order. A spring 2008 grand opening is planned.

Imperial Realty’s Corporate Office Expansion
Date Posted  12/3/07
Imperial Realty Company is pleased to announce the expansion of our corporate offices at 4747 West Peterson, Chicago.  Our office now encompasses the entire second floor of this building consisting of 8,600 square feet.

Imperial Realty Company Announces Plans for Breaking Ground on a Spec Building in Schaumburg, IL
Date Posted 9/2/07
Imperial Realty Company is pleased to announce hiring an architectural firm, Chipman Adams Ltd., to design a spec building at the northeast corner of Roselle and Golf Roads, a premier location in Schaumburg.  The retail building will feature 4,000 square feet.

Imperial Realty Company President Alfred Klairmont Inducted into the Chicago Area Entrepreneurship Hall of Fame. 
Date Posted 8/1/07
Alfred Klairmont, President of Imperial Realty Company, has been inducted into the Chicago Area Entrepreneurship Hall of Fame. The Entrepreneurship Hall of Fame recognizes the innovators and leaders in the Chicago area. Each year distinguished entrepreneurs who have demonstrated entrepreneurial talent by founding and/or growing a business in the Chicago area are inducted. Mr. Klairmont joins a group of over 200 past recipients awarded throughout the last 22 years. The Entrepreneurship Hall of Fame is sponsored by Grant Thornton, LaSalle Bank, Houliham Lokey Howard & Zukin, Seyfarth Shah LLP and the University of Illinois at Chicago.

Imperial Realty Announces the Sale of Belden Industrial in Chicago, IL
Date Posted 3/28/07
Imperial Realty is pleased to announce the sale of 3951 W. Belden, Chicago, IL. This 14,506 square foot industrial building was sold on March 19, 2007 to Pegas Properties, Inc.  The brokers on this transaction were Rick Larson and Brian Ripp of Camins, Tomasz, Kritt.

Imperial Realty Announces the Opening of Whole Foods @ Cicero & Peterson
Date Posted 2/21/07
Imperial Realty Company is pleased to announce the opening of Whole Foods Market® on February 21, 2007 at the northwest corner of Cicero and Peterson in Chicago’s Sauganash area. It was Imperial Realty’s concept for this mixed use property. Whole Foods Market® is the world's leading natural and organic foods supermarket and the nation's first certified organic grocer. This store is the first Whole Foods Market to open in the Chicago area in more than four years. This store will provide Sauganash and surrounding-area residents with great-tasting, high-quality foods in a convenient and contemporary setting. 

Imperial Realty Announces the Sale of Century East Apartments in Ft. Lauderdale, FL
 Date Posted 12/12/2006
Imperial Realty is pleased to announce the sale of Century East Apartments.  This sale occurred in the first quarter of 2006.  This apartment resort is located at 100-110 Isle of Venice in Ft. Lauderdale, FL.  The buyer, Akron Group LLC, intends to convert this property into condominiums. 

Wal-Mart Opens at Golf Milwaukee Plaza, Niles, IL
Date Posted 11/16/2006
 Imperial Realty is pleased to announce the opening of Wal-Mart at Golf Milwaukee Plaza in Niles, IL on Wednesday, October 18.  This 148,000 square foot Niles Wal-Mart was designed as a convenient one-stop shop.  There are 36 departments including expanded infant and family apparel, health and beauty aids, household needs, electronics, toys, fabrics and crafts, lawn and garden supplies, jewelry and shoes. 

Belvidere Mall Plans Major Expansion
Date Posted 11/16/2006
 Imperial proudly announces a major expansion plan for Belvidere Discount Mall, Waukegan, the first enclosed shopping center in Lake County. This highly successful center, which is 92% leased, will be adding approximately 150,000 square feet of new stores and outlets.

ACQUISITION OF 5700 N. LINCOLN, CHICAGO, IL
Date Posted 09/28/2006
 Alfred Klairmont, President of Imperial Realty Company, is pleased to announce the acquisition of 5700 N. Lincoln in Chicago, IL. This 2-story, 18,000 square foot office building has Charter One Bank occupying the first floor. This is the 15th office building owned, managed and leased by Imperial Realty in the Edens Expressway corridor. Imperial Realty intends to divide spaces on the second level and lease them for small office use. Wayne Schulman with HSA brokered this transaction.

ACQUISITION OF RAVINIA, HIGHLAND PARK, IL
Date Posted 01/20/2006
Alfred Klairmont, President of Imperial Realty Company, is pleased to announce its acquisition at 515 – 555 Roger Williams in Highland Park.  Encompassing this acquisition is a White Hen Pantry along with two other retail tenants and second floor office space. This location is part of the historic Ravinia Business District and offers ample parking to its patrons.

ACQUISITION OF THE FORMER AB DICK BUILDING, NILES, IL
Date Posted 01/20/2006
Alfred Klairmont, President of Imperial Realty Company, is pleased to announce the acquisition of 7400 N. Caldwell in Niles, IL. This 3-story, 54,000 square foot office building was home to the former single user tenant, AB Dick. Imperial Realty intends to divide up spaces prior to releasing them for lease up. Jim Ward of Grubb and Ellis represented the seller in this transaction.

KIMBALL AVENUE SALE, CHICAGO, IL
Date Posted 01/03/2006
Imperial Realty announces the sale of 4720-40 N. Kimball, Chicago, IL. This 25,000 square foot warehouse and retail building was sold on July 25, 2005 to a condominium developer. 

BROKERS' TRANSACTION, 55 E. 89th PLACE, CHICAGO, IL
Date Posted 01/02/2006
 Imperial Realty represented the seller of a 26,000 square foot industrial building located on a 70,000 square foot land site just off of the Dan Ryan Expressway at 89th Place and adjacent to one of the most prestigious single family home sub divisions on the south side of Chicago. The purchaser was a residential developer who combined this purchase with another adjacent commercial site. Camins Tomasz Kritt represented the purchaser. This transaction closed on January 17, 2006. The purchase price was $980,000.

Recently Signed Leases
Date Posted August 04, 2008
 

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