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Forman Mills takes former Kmart in Franklin Park
Chicago, Ill. — Forman Mills, an off price apparel retailer, has leased 38,487 sq. ft. at Grand Plaza in Franklin Park, Ill., according to CBRE, the leasing agent. The new store plans to open next spring.
The Forman Mills lease completes the lease up of a 96,260-sq.-ft. former Kmart, which closed in 2011.
CBRE began leasing the space in 2012. The first lease was with Big Lots for 29,000 sq. ft. Next came a 29,000-sq.-ft.- lease to Savers Thrift Superstore, which later took another 29,000 sq. ft.
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Kroger buys 12 acres at Hampton Roads Crossing
Virginia Beach, Va. — Kroger has acquired 12 acres at the Hampton Roads Crossing mixed-use project in Suffolk, Va., according to Divaris Real Estate (www.divaris.com), the broker that represented the seller, Terry/Peterson Investment Thirty, in the transaction.
Kroger intends to construct a 113,361-sq.-ft. Kroger Marketplace on the site.