{"id":1004125479,"date":"2015-08-18T05:26:21","date_gmt":"2015-08-18T13:26:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358239"},"modified":"2020-04-06T23:14:30","modified_gmt":"2020-04-07T07:14:30","slug":"former-dominicks-store-gets-new-lease-on-life","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/former-dominicks-store-gets-new-lease-on-life\/","title":{"rendered":"Former Dominick\u2019s Store Gets New Lease on Life"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"Town<\/a><\/p>\n

Town Square of Schaumburg – 140-200 S. Roselle Road<\/em><\/p>\n<\/div>\n

A former Dominick\u2019s store in suburban Chicago is about to get a fresh start.<\/p>\n

Tony\u2019s Finer Foods<\/a>\u00a0acquired the 96,014-square-foot Town Square at Schaumburg store in Schaumburg, Ill. Transwestern<\/a>\u2019s Chicago office brokered the sale of the property with the help of its Capital Markets Directors Janice Sellis and Paul Barile. The Transwestern team represented the seller in the transaction\u2014a pension fund also managed by the company. Tony\u2019s Finer Foods was represented by Lawrence Tucker of Tucker Real Estate. Terms of the deal were not disclosed.<\/p>\n

\u201cGiven the lack of grocery stores within a 3-mile radius of the property, this was a compelling opportunity for another grocer,\u201d said Sellis. \u201cThe buyer is a well-established, family-owned chain that has a history of successfully converting former Dominick\u2019s stores to fit its format. Tony\u2019s will benefit from the location\u2019s high traffic counts and densely populated neighborhoods in the surrounding area.”<\/p>\n

Located at 140-200 S. Roselle Road, the 90 percent occupied store is home to tenants such as Scottrade Inc., Hair Cuttery, Bonefish Grill and Chiro One, among others. The property previously housed a Dominick\u2019s retail store which closed in December 2013.<\/p>\n

Image courtesy of Transwestern<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A former Dominick’s store in suburban Chicago is about to get a fresh start.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004125479","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"\nFormer Dominick\u2019s Store Gets New Lease on Life - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/former-dominicks-store-gets-new-lease-on-life\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former Dominick\u2019s Store Gets New Lease on Life\" \/>\n<meta property=\"og:description\" content=\"A former Dominick’s store in suburban Chicago is about to get a fresh start.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/former-dominicks-store-gets-new-lease-on-life\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-18T13:26:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-07T07:14:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Town-Square-of-Schaumburg-2.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/former-dominicks-store-gets-new-lease-on-life\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/former-dominicks-store-gets-new-lease-on-life\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"Former Dominick\u2019s Store Gets New Lease on Life\",\"datePublished\":\"2015-08-18T13:26:21+00:00\",\"dateModified\":\"2020-04-07T07:14:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/former-dominicks-store-gets-new-lease-on-life\\\/\"},\"wordCount\":52,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/former-dominicks-store-gets-new-lease-on-life\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Town-Square-of-Schaumburg-2.jpg\",\"articleSection\":[\"Chicago\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/former-dominicks-store-gets-new-lease-on-life\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/former-dominicks-store-gets-new-lease-on-life\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/former-dominicks-store-gets-new-lease-on-life\\\/\",\"name\":\"Former Dominick\u2019s Store Gets New Lease on Life - 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