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The Opus Group breaks ground on Glen Ellyn, Ill., center
Chicago -- The Opus Group has begun construction of a 31,175-sq.-ft. center in Glen Ellyn, Ill., near Chicago. A 20,300-sq.-ft. The Fresh Market will anchor the project.
The site, a vacated car dealership, will include patio seating and 186 parking spaces.
The center is 75% leased. In-line tenants include Great Clips and the first Tide Dry Cleaners in the Chicago area.
Serving the Glen Ellyn and North Wheaton communities, the center is slated to open in late 2013. -
Sycamore Partners acquires mall goth retailer
Sycamore Partners has acquired mall- and Web-based specialty retailer Hot Topic and its Hot Topic, Torrid and Blackheart concepts for approximately $600 million.
"Hot Topic and Torrid are both leaders in their categories, and we are excited to have both brands as part of our portfolio," said Stefan Kaluzny, managing director of Sycamore Partners. "Sycamore Partners is very pleased to have the opportunity to partner with Lisa Harper and her team to invest in the continued development of both the Hot Topic and Torrid retail brands."