Oak Brook Terrace, IL (PRWEB) July 31, 2007 — Easy access and a unique infill opportunity in one of the top-rated communities in America has contributed to robust leasing activity at Freedom Commons, a 25-acre retail and restaurant development underway in Naperville, IL, in Chicagos western suburbs.
More than 25% of the projects 42,000 square feet of retail space has been pre-leased, and another 25% is in leasing negotiations, according to William Krug, president of Wm. Krug, Inc., which is developing and managing the project in a joint venture with The Harp Group.
Freedom Commons represents a rare opportunity to tap into an area that has been repeatedly ranked by Money magazine and other sources as one of the best places to live,? he said. When the Freedom Boulevard/I-88 exchange is completed later this year it will allow easy, direct access — not only for residents of Naperville and nearby communities, but also for thousands of people who work in the area, as well as guests of the numerous hotels in the vicinity.?
Occupancy will begin in November for the projects four retail buildings.
Meanwhile, an L.A. Fitness health club, Fidelity Funds, and restaurants Maggianos Little Italy, Mortons The Steakhouse, Champps Americana, and The White Chocolate Grill are building free-standing locations at Freedom Commons.
About The Harp Group
Based in Oak Brook Terrace, IL, The Harp Group (www.theharpgroup.com) is a real estate investment and development company that specializes in high-end hospitality destinations. It is developing nearly a dozen demand-driven hospitality-related properties across the United States, including the Westin Chicago North Shore Hotel, Wheeling, IL; Freedom Commons, Naperville, IL; and The Ambassador East and Pump Room, Chicago. The Harp Group is one of four companies comprising The Crescendo Companies (www.thecrescendocompanies.com), a privately-held company specializing in commercial real estate development and management, with more than $1.2 billion in projects under development.
About Wm. Krug, Inc.
Wm. Krug, Inc., is a Lemont, IL.-based real estate development firm. Founder and President William Krug has nearly 30 years of real estate leasing, investment and development experience, and was previously a principal with The John Buck Company.An opportunistic investor, Krug has a group of limited partners that co-invest in his ventures, which include office buildings, hotels and retail centers.
