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.
About United Properties
United Properties, based in Minneapolis, specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail, office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin, Illinois and Colorado. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.