Pete's Fresh Market to Open at Rice Lake Square in Wheaton, Illinois

News provided by

Jul 17, 2017, 14:44 ET

WHEATON, Ill., July 17, 2017 /PRNewswire/ -- Locally owned and operated Pete's Fresh Market has leased two adjacent spaces vacated by Whole Foods Market and Sports Authority at Rice Lake Square in Wheaton. According to property manager Annette Eastman of Mid-America Asset Management, Inc., Pete's will open a 69,586 square-foot, enhanced concept grocery store at this location in fall 2018.

Artist rendering of new Pete's Fresh Market at Rice Lake Square in Wheaton

A multiple Talk of the Town winner and Illinois produce distributor, Pete's Fresh Market began as a small produce stand on Chicago's south side in the early 1970s. Over the next forty-plus years, the family-owned grocer has grown and expanded its concept into a full-service supermarket with prepared foods, bakery, deli, in-house butchers, groceries including international, gluten-free and organic, wines and spirits, and Pete's signature hand-picked fruits and vegetables.

Known for quality products at the right price and with twelve locations currently operating in the Chicago area, the grocery retailer saw an opportunity to expand into the Wheaton market when Whole Foods relocated from Rice Lake Square and Sports Authority closed that location. "We recognized that the residents of Wheaton have a lot of grocery options, but we knew we could close the gap between high-end experience and affordable pricing," says Stephanie Dremonas of Pete's. "This is a wonderful location, and Pete's is looking forward to serving the Wheaton area."

Mid-America Principal Marget Graham represented the landlord, Grosvenor Americas, in lease negotiations.

Rice Lake Square is located east of the northeast corner of Butterfield and Naperville Roads in Wheaton. Owned by Grosvenor Americas and managed/leased by Mid-America Asset Management, Inc., it is anchored by Studio Movie Grill, PetSmart and Stein Mart. Other stores and restaurants include Panera Bread, Houlihan's, Orange Theory Fitness, Men's Wearhouse and Tuesday Morning. For more information, call (630) 954-7300 or visit midamericagrp.com.

WEB LINKS
Rice Lake Square: www.ricelakesquare.com
Pete's Fresh Market: www.petesfresh.com
Mid-America Asset Management, Inc.: www.midamericagrp.com
Grosvenor Americas: http://www.grosvenor.com/our-businesses/grosvenor-americas/

Photo (artist rendering): http://ricelakesquare.com/wp-content/uploads/2017/07/2017.04.12-Main-Entrance-Final-Render-300.png

SOURCE Mid-America Asset Management, Inc.