Monday, August 29, 2011
Despite tough economy, an ideal location draws interest from prospective tenants.
Location almost always works in real estate. Even in a difficult economy that cost a beloved tenant on the property, the southeast corner of Lake Cook and Waukegan roads is deemed too good to pass up by prospective businesses. A 24,500-square-foot building on the site had housed a Borders until this spring, when the bookstore chain shut the store in the first of two rounds of closings as the company ended its 40-year-run. Now the site management and interested local parties welcome the prospect of dividing the space into at least three parts for new tenants of the property at 49 S Waukegan Rd. in Deerfield, on the border with Northbrook. “This building will not sit for long,” said Rob Rowe, a leasing agent with the Sierra Group Inc., which…
Wednesday, August 17, 2011
This month, Borders and Waldenbooks close their doors forever.
- Ed Brill
Wednesday, August 17, 2011
When I was in college, my dream job was to open my own bookstore. Decades later, that dream is not only unrealized, but unobtainable. The bookstore as retailer is fading, and with it, a whole chapter of my life is being extinguished. I've always been an avid reader. In high school, I developed the typical nerdy kid's affinity for science fiction and fantasy. I read all the classic authors of the time, including Isaac Asimov, Piers Anthony, and Douglas Adams. As a natural outgrowth, I started watching British television import Doctor Who, crossing over to the fanatical side quickly and acquiring every single novelization of the show as it made its way into print. When I was old enough to start working part-time, I quickly signed on for …
Thursday, May 19, 2011
Construction to be completed by mid-summer.
Update May 20, 11:30 a.m.: Space has been leased out of the former Borders at 595 Central Avenue. Dino Dimitriou, who runs the property management business that includes the 27,000-square-foot former Borders, has signed a 10-year-lease with women's fashion accessories store Charming Charlie, according to Dimitriou's retail broker Jonathon Plotkin, a Highland Park resident. "Women in town will love them," Plotkin said of the new stores. "Not sure if guys are going to be thrilled with them." Plotkin, who is a managing partner at Endurance Retail Partners, said that the deal came together "the way all deals come together -- slowly and painfully." "We are still smack in the middle of the economic deluge that swept over the retail and …
Saturday, February 19, 2011
Deerfield location set to close come April.
One day after Borders filed for bankruptcy shoppers were out searching for deals. "I was hoping there was a sale that's the only reason I'm here," said Becky Berger while visiting the Deerfield store that's set to close in April along with 200 other locations. "It was a big surprise probably to many people not only to me," Lester Motyka said about the company's announcement this week. According to a press release, the stores Borders has identified for closing are “a reflection of economic conditions, cost structures and viability of locations, among other factors, and not on the dedication and productivity of the workforce in these stores.” "It's disappointing. It's disappointing because you know maybe Barnes and Noble will be next and …
Thursday, February 17, 2011
A roundup of the region's major developments for Thursday, Feb. 17.
Charges Mount for Glenview Dispatcher Caught Naked on Camera Northfield Massage Parlors Must Have Licenses Update: Waukegan Road Borders Will Close By April Second Restaurant Expands Local Dining Empire