Phillips Edison Introduces Pete’s Fresh Market at Baker Hill in Glen Ellyn, Illinois
October 9, 2019 | Phillips Edison & Company, Inc. | Business Wire
Phillips Edison & Company, Inc. (“PECO” or the “Company”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and operators of grocery-anchored shopping centers, is pleased to announce that Pete’s Fresh Market (“Pete’s”) at Baker Hill in Glen Ellyn, Illinois, hosted its grand opening on Thursday, September 26. The new Pete’s store occupies 72,397 square feet at the shopping center and represents the regional grocer’s 15th location in the Chicagoland area.
The grand opening marks the latest milestone in a comprehensive redevelopment program PECO has executed at the property in partnership with the Village of Glen Ellyn since 2017. The company recognized the opportunity to enhance the shopping experience at Baker Hill, which would allow it to create a more attractive community amenity. Working with the municipality, PECO has implemented significant capital improvements at Baker Hill, including the addition of Pete’s – one of Chicagoland’s top grocers – and the introduction of a collection of environmentally friendly features such as LED lighting, two EV charging stations and a new white, reflective TPO roof.
“The opening of Pete’s represents an important development in our ongoing effort to further improve the shopping environment at Baker Hill,” said Greg Clough, Vice President of Redevelopment and Portfolio Management. “With its unique and diverse food and beverage offerings that have proven to attract a wide range of consumers, Pete’s represents exactly the type of innovative retailer that we seek as a partner. With a population of over 100,000 within a three-mile radius of Baker Hill, there is a real need for a grocer that is able to meet the needs of an ethnically diverse community.”
