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Friday, March 24, 2006

Client and Community Elated With Outcome

David Grobart, Partner in charge of the firm's Real Estate Practice Group, recently obtained unanimous approval from a suburban Chicago municipality to not only keep, but expand the presence of his client, one of the nation's leading "big-box" retailers, within their principal regional shopping center. Mayor Kyle Hastings of Orland Hills, IL declared the agreement and project to be "one of the biggest economic developments in the village's history." The community will receive the continuing benefits of substantial sales tax and property tax revenues from a revitalized shopping center development and a newly constructed facility with a building containig over 200,000 square feet. The development also currently includes Circuit City, PetSmart and World's Finest Chocolate, as well as outparcel restaurants and other users.