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Deer Grove in Palatine, Ill., bought for $20 million
Chicago — Transwestern’s Chicago office has brokered the sale of the 236,173-sq.-ft. Deer Grove Shopping Centre in Palatine, Ill., to Ramco Gershenson for $20 million. Transwestern www.transwestern.net represented the seller, C-III Asset Management.
The property is anchored by Dominick’s, a Chicago-based grocer, and national tenants including TJ Maxx/Home Goods, Petco and Staples. A Target and Home Depot shadow anchor the property.
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Francesca’s is fastest-growing apparel chain
New York -- Analysts project that Francesca’s, a junior apparel and accessories retailer, will have the retail industry’s fastest rates of growth during the next three years, Bloomberg reported.
Francesca’s plans to expand to 900 stores, or double its current store count, in the next seven years. The chain is projected by analysts to grow sales by 80% during the next three years, faster than any other apparel retailer, according to the report.