Woodmont Plans Four-Building Retail in “Underserved” Grayslake
The Woodmont Company plans to develop Washington & Barron Commons, a four-building retail center in the Chicago suburb of Grayslake, IL. Construction is projected to start on phase one this summer.
The first phase will include an approximately 9,000-square-foot freestanding building for Kiddie Academy, and a 4,500-square-foot single-tenant building which is available for lease. Phase two will consist of an approximate 8,000-square-foot multi-tenant building, and an approximate 3,000-square-foot single-tenant building, both of which are available for lease.
Woodmont’s Grant Gary and Robert Snider are overseeing leasing at the project.
“The Woodmont Company believes this is a great opportunity to provide retail in an underserved area,” said Gary, president of brokerage for Woodmont. “The center will be located in a dense residential community, with average income at $116,000.”
Grayslake is located in central Lake County, IL, approximately 50 miles north of downtown Chicago and 11 miles west of Lake Michigan.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).