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Chicago & Midwest  + Chicago + Greater Chicagoland  + Retail  | 

CBRE Arranges Lease for Third Chicago-Area Signature Fitness

CBRE arranged a 37,000-square-foot retail anchor lease at Prairie Towne Center in Schaumburg, IL. Signature Fitness has signed a lease and will open this fall. The new location will be the company’s third in the Chicago area.

CBRE’s Joe Parrott and Sean McCourt represented Prairie Towne Center’s ownership, Necessity Retail REIT. Prairie Towne Center is a 263,000-square-foot shopping center at the intersection of Barrington and Schaumburg roads and includes Kohls and At Home as additional anchors.

“Signature Fitness is a tremendous fit for Prairie Towne Center, and we are pleased they will occupy the remaining anchor space,” said Parrott. “The area generates significant customer traffic and possesses strong demographics that top retail occupiers look for.”

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CBRE's Parrott

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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