Developers Prep Chicago Retail Park Projects

Law360, New York (February 28, 2012, 6:02 PM EST) -- After buying up 350 acres of land at an off-highway retail park in a Chicago suburb, two regional developers are planning to lease or sell more than 7.5 million square feet of gross leasable space at the park, the developers said Tuesday.

A joint venture between St. Louis-based development and contracting company Clayco and Illinois firm Venture One Real Estate LLC purchased the land, located in the retail park known as Park 88, in the western Chicago suburb of DeKalb, Ill.

Milner & Associates President Steve...
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