Joint Venture Partnership reached to devlop multi-tenant retail site
CHICAGO, Ill. – First Capital Advisors, LLC (FCA) announced today that a joint venture development with McVickers Development, LLC has been reached to develop a site in New Lenox, Ill.
The development will consists of a 13,000 square foot retail building at 511 Lincoln Highway in New Lenox, Ill. Construction began on the site in June and is expected to be completed by November.
Committed tenants include Verizon Wireless, Jimmy John’s Gourmet Sandwiches, Bedding Experts Inc., Pizza Hut of America, Inc., and Great Clips.
“We are very excited to begin what we hope is a long-term relationship with McVickers Development,” said Chris Pope, Principal at FCA.
First Capital Advisors, LLC is a fully integrated, self-administered and self-managed real estate investment firm focusing on the acquisition, ownership, and management of high quality real estate throughout the United States. First Capital has partnered with First Trust Portfolios, an investment services firm founded in 1991. First Trust Portfolios provides trusted investment products and advisory services to a variety of investors across the world. McVickers Development, LLC (http://www.mcvickers.com) is a regional ground-up developer of shopping centers, with projects totaling over 2 million square feet under development. The firm was founded in 1999 by John McVickers. Additional information about First Capital Advisors can be found at the company’s website at fca-grp.com.