LIBERTYVILLE, IL—Paragon Real Estate has broken ground on two retail buildings along Milwaukee Avenue here.
Anchor tenant Trader Joe’s is scheduled to move into the entire 12,500-sq.-ft. building under construction at 1600 S. Milwaukee Ave. later this year. Oak Brook, Ill.-based Paragon is also developing an 8,100-sq.-ft. multi-tenant building divisible for up to three retailers at the south end of the 3-acre parcel.
Paragon purchased the site at Milwaukee Avenue and Artaius Parkway in July 2012. The company sought village approvals to develop the site for the specialty grocery store and retail center.
“We are fortunate to have Trader Joe’s as our anchor tenant. This unique grocery store draws loyal customers from a wide area and is sure to be a popular and convenient stop for the surrounding workforce,” said Tom Williams, managing partner of Paragon Real Estate, in a statement.