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Agree Realty Corporation
ADC today announced that it has closed on a 4.5 acre parcel of land
through its Joint Venture Capital Solutions program. TJ Maxx, Ross Dress for
Less and Petco have executed ten year net leases to occupy 62,450 square
feet. Agree will construct the project and be the sole owner of the property
upon project completion. The property is located within the New Lenox Town
Center in New Lenox, Illinois. New Lenox Town Center is a 450,000 square foot
regional power center anchored by a Walmart Supercenter and Menards. The total
project cost is estimated at $8 million.
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