MINNEAPOLIS (July 22, 2014) – United Properties announces that it has signed leases with Charter Fitness and Two Rivers Dental at Townline Square in Mundelein, Illinois. Located in north suburban Chicago, Townline Square is anchored by Jewel-Osco. United Properties acquired the 133,100-sq.-ft. grocery-anchored center in November 2013.
Charter Fitness, one of the Chicago area’s largest health club businesses, signed a lease for 16,660 sq. ft. and will move into its space in September. Two Rivers Dental will take occupancy of its 1,700 sq. ft. of space in September, as well. In addition to United Properties, the transaction team included landlord representative Brendan Reedy with Cushman & Wakefield and Charter Fitness representative Marty Wynne of CFM Consulting.
Built in the 1980s, the center was completely renovated in 2012, including the façade, roof, common areas, landscaping, parking lot and signs. In addition to Jewel-Osco and the two new tenants, the center’s tenants include H&R Block and Radio Shack. Available spaces range in size from 1,200 to 20,000 sq. ft.
Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com
Martha Nevanen
952.893.7539
mnevanen@northmarqcompanies.com
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.
