Encompassing 300,000 square feet, Southgate Market is home to major chains such as Whole Foods, PetSmart, Marshalls, LA Fitness or Starbucks.
In a time when the retail market is facing structural changes, Pacific Retail Capital Partners has added a 300,000-square-foot shopping center in Chicago’s South Loop to its portfolio. The company became the new operator and manager of Southgate Market, home to major chains such as Whole Foods, PetSmart, Marshalls, LA Fitness, Starbucks, Panera as well as the medical offices of University of Chicago Medicine.
Southgate Market is located at 1101 S. Canal St., near the corner of Roosevelt Road and the Old Main Post Office. The property can be accessed via Interstate 90 and the Roosevelt Metra station, which is a few blocks away. The five-story shopping center serves the residents of the South Loop, Little Italy and University Village neighborhoods.
Pacific Retail is not only expanding its portfolio, but also renovating it. At the end of last year, Pacific Retail completed a multi-million dollar redevelopment of Northpark Mall in Ridgeland, Miss., which began in March. The 958,000-square-foot property benefited from the addition of public art features from local artists, a children’s play area, a new family lounge featuring private nursing areas and several amenities to entertain children.
By Roxana Baiceanu
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