Next Realty LLC has completed transactions for new leases an extensions that total 62,779-square-feet of space at retail centers it owns and manages in Lombard, Schaumburg, Lincolnshire and Oak Lawn.
- In largest of the transactions, The Sports Authority has completed a lease extension of the 42,206-square-foot space it occupies at Sports Authority Plaza in Schaumburg. An affiliate of Next Realty has owned the center, located next to Woodfield Commons and just west of Woodfield Shopping Center, since 1978.
- At Hobby Lobby Plaza in Lombard, Harbor Freight Tools USA, Inc. completed a lease renewal for 14,958-square-feet of space. The center, which an affiliate of Next Realty has owned and managed since 1993, is leased to additional tenants that include Hobby Lobby, X-Sport Fitness, Dollar General and Starbucks.
- Next Realty also has completed leases at Lincolnshire Commons. Menchies Frozen Yogurt, quick serve specialty restaurant, leased 1,559 square feet of space within the center. ATI, which provides physical therapy services, has also leased 2,776 square feet. Lincolnshire Commons totals almost 130,000 square feet of space.
- In the final transaction, Fantastic Sams completed a lease extension for 1,280 square feet of space at Oak Lawn Promenade, across the street from Chicago Ridge Mall. Since an affiliate acquired the property in 2012, Next Realty has completed a modernization and revitalization of the center to enhance its positioning in the marketplace.