NORTHBROOK, Ill. (May 9, 2016) – Pine Tree Commercial Realty, LLC announced today it has signed a new lease with Ulta Beauty (NASDAQ: ULTA) at Poplar-Prairie Stone Crossing in Hoffman Estates, Ill. The newly-leased 10,676-square-foot Ulta Beauty joins other best-in-class retailers TJ Maxx, World Market, and Ross Dress for Less, among others, at the 312,000-square-foot shopping center at the intersection of Interstate 90 and Route 59 in the western suburbs of Chicago.
“The addition of Ulta Beauty at Poplar-Prairie Stone Crossing will greatly enhance the shopping center’s overall tenant mix,” said Michael Gold, Pine Tree’s VP of Leasing. “As one of today’s strongest retail brands, Ulta Beauty is a natural fit for Poplar-Prairie as we continue to expand the center’s offerings and enhance the experience of our shoppers and the community at-large.”
The Ulta Beauty at Poplar-Prairie Stone Crossing is expected to open late fall 2016.
About Ulta Beauty:
Ulta Beauty (NASDAQ: ULTA) is the largest beauty retailer in the United States and the premier beauty destination for cosmetics, fragrance, skin, hair care products and salon services. Since opening its first store 25 years ago, Ulta Beauty has grown to become the top national retailer providing All Things Beauty, All in One Place™. The company offers more than 20,000 products from over 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty’s own private label. Ulta Beauty also offers a full-service salon in every store featuring hair, skin and brow services. Ulta Beauty is recognized for its commitment to personalized service, fun and inviting stores and its industry-leading Ultamate Rewards loyalty program. As of January 30, 2016 Ulta Beauty operates 874 retail stores across 48 states and also distributes its products through its website, which includes a collection of tips, tutorials and social content. For more information, visit www.ulta.com.
About Pine Tree:
Pine Tree Commercial Realty, LLC is a full-service real estate company specializing in retail based in Northbrook, Ill. Since its founding in 1995, Pine Tree has acquired and developed 90 properties with an aggregate value of over $1 billion. The company’s projects are located across the United States.
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