September, 2011
AT&T's Acquisition of T-Mobile Will Result In Some Store Closings
Matt Wavering, Assistant Director of Commercial Brokerage was quoted in the September issue of Shopping Centers Today arcticle: "Waiting for the Chop."

August 28, 2011
It's Your Business: Music School Doubles Space in Champaign
Once again, our tenants have been featured in the Sunday News Gazette Article. Matt Wavering represented The Champaign School of Music on their move and Zach Wetherell represented the Cat Clinic of Central Illinois.

August 21, 2011
It's Your Business: Tang Dynasty Has New Owners
Jay Sikorski was quoted in this News Gazette Article.

August 19, 2011
Condo Project in Champaign has New Developer
The Villas at Ashalnd Farms, a project Matt Wavering brokered, was the subject of this News Gazette Article.

June 23, 2011
T Mobile Dealers Start To Hang Up

Matt Wavering, Assistant Director of Commercial Brokerage was quoted in this Wall Street Journal Article.

May 12, 2011
Midtown Champaign: Urban Gentrification or a Lost Cause?

Matt Wavering, Assistant Director of Commercial Brokerage wrote this article, featured on HalfwayInteresting.com.

April 26, 2011
New Westlake Retail Project Announced

Peoria, Illinois, April 22, 2011 - Groundbreaking occurred on April 11, 2011 for Phase I of Sterling Commons, located within an outlot in front the Westlake Shopping Center. Phase I is fully leased; Phase II is now leasing. Sterling Commons is situated on 1.62 acres located at Sterling Avenue and Interstate 74.

Thomas Harrington III of Coldwell Banker Commercial Devonshire Realty (CBCDR) announced that three retail tenants will occupy Phase I, a 5,500 square foot building situated in front of the recently remodeled Westlake Shopping Center.

Harrington commented, "We are very happy to see construction begin on this exciting project. This was a very challenging site due to the title complexities. Phase I leasing indicates how strong the Westlake area has become for retailers and further indicates a rebound in the economy."

Eric Heard with Coldwell Banker Commercial Devonshire Realty is currently marketing the future second phase of the project. Phase II will target upscale retailers, including banks, fast casual restaurants, and specialty retailers.

"Peoria has been waiting for some time to see this site redeveloped. Phase II will offer incredible visibility from Sterling and Interstate 74, plus benefit from the high traffic coming in to Westlake Shopping Center and Northwoods Mall," said Heard.

Coldwell Banker Commercial Devonshire Realty provides a wide range of commercial real estate services including commercial brokerage, property management, building services, and signage. CBCDR has three offices in central Illinois, including Peoria, Champaign, and Springfield. For more information please visit www.cbcdr.com.

April 26, 2011
Demolition of Old Denny's Makes Way for New Development

Thomas Harrington III, Regional Managing Partner of CBCDR, was quoted in this HOI - 19 Story about Sterling Commons, a new retail development in Peoria, Illinois.