By Bob Bong
Southland Savvy
The Orland store will be the women’s specialty store chain’s third location in the Chicago area and only the seventh Dry Goods store as it builds the brand. The other Chicago-area stores are at Fox Valley and Woodfield malls.
Dry Goods offers the latest in contemporary women’s clothing and accessories and features products from brands such as Free People, Hudson, Jessica Simpson, Joe’s Jeans and Silver. The store also offers an interest-free credit card for its customers.
The store will be located on the second level of the northwest wing and will feature the chain’s turn-of-the-century look.
Von Maur said the opening is part of its strategic growth plan for Dry Goods by selecting markets in which the 140-year-old company has yet to establish a presence.
"The success and volume of business at our current Chicagoland locations has been tremendous, leaving us confident that our newest location in Orland Park will yield similar results," said Jim von Maur, president of Von Maur, in a release. "With Orland Square Mall's prominent demographic of female shoppers, coupled with our exciting mix of contemporary fashion and quality service, Dry Goods will undoubtedly be well received by shoppers."
Orland Square Mall also announced two more tenants on Monday.
Flip Flop Shoes, which offers the hottest brands and latest styles of flip flops and sandals, is expected to open this summer while Love Culture, a store that sells affordable women’s fashions and accessories, is expected to open in August.
Westfield Sells Chicago Ridge, Joliet Malls
Australian-based Westfield Group announced last week that it was selling 90 percent stakes in its Chicago Ridge and Louis Joliet malls as part of a $1 billion deal with Starwood Capital Group.
Westfield will retain a 10 percent stake in the 838,608 square foot Chicago Ridge Mall and the 971,025 square foot Louis Joliet Mall and continue to manage them, the company said in a news release.
Connecticut-based Starwood also purchased majority stakes in five other Westfield-owned malls in the United States. An additional Westfield property was sold to another buyer in a separate transaction.
Westfield retains ownership of Old Orchard Mall in Skokie, Fox Valley Mall in Aurora and Hawthorn Mall in Vernon Hills.
Warehouse Sells for $64 Million
CB Richard Ellis Realty Trust announced last week that it paid $64.3 million for a 1.35 million square foot warehouse in University Park. The warehouse at 2400 Dralle Road is leased by Clorox.
Bath House Closes
The Bath House, a bath and kitchen remodeling company, closed its business and showroom recently at 4811 W. 103rd St. in Oak Lawn.
Bank to Host ID Theft Seminar
Standard Bank and Trust will host a free community seminar to protect residents against identity theft from 6-7:30 p.m. on Tuesday, April 24, at the Evergreen Park location at 2400 W. 95th St. RSVP to Julie Partacz at 708-499-2000 Ext. 60110.
The same branch is holding a free neighborhood shredding event on Saturday, April 28, from 9 a.m. to noon. Residents can bring four banker boxes of items per household to be shredded.
If you see a new business in town or wonder what happened to an old favorite, drop me a line at bobbong@hotmail.com.
You can also catch up on Comings & Goings in other parts of the Southland at www.southlandbusinessnews.blogspot.com.
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