A January 22 article in GlobeSt.com has an update of McVickers Development‘s plans for a shopping center in New Lenox, Illinois. The 71-acre parcel along the Lincoln Highway was reportedly acquired for $18.9 million from a private individual; it had been on the market for 5 years. McVickers will oversee development of 450,000 sq ft of retail anchored by a Menards and Wal-Mart Supercenter, who will purchase their land. GlobeSt points readers to a map on McVickers site, seen below on a screen shot, for other tenants, which include PetCo, Staples, Aldi, Starbucks, Verizon, Fifth/Third Bank, Arby’s, Dunkin Donuts, and Auto Zone.
A McVickers spokesman said that being at the end of the new extension of I-355 makes it “prime real estate on the main drag running through New Lenox,” with 20,000 cars daily on this part of the Lincoln Highway. As for why it was on the market so long, he said there are “some low-grade wetlands on the property that are going to be mitigated.”
A 2006 release on a similar project said McVickers Development is developing “over two million square feet of retail shopping center space throughout the Chicago Metropolitan area.” The same release said that Wal-Mart had “45,308 associates living and working in Illinois at its 77 Discount Stores, 57 Supercenters, 28 SAM’S Clubs, and four distribution centers.”