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Ulta Cosmetics Now Open at Mundelein Crossings Shopping Center

Mayor Steve Lentz and the Board of Trustees are pleased to announce the grand opening of Ulta Cosmetics in the Mundelein Crossings Shopping Center. The new, beautifully renovated 11,000 sf commercial space originally occupied by Party City opened today with a ribbon cutting ceremony and a line of more than 200 excited customers waiting to enter the store.

“Over the years, the Village and property owner Mr. Bill Shiner have worked cooperatively to encourage retailers to locate in this area. Mundelein retailers currently operating in the Mundelein Crossings Shopping Center such as Target, TJ Maxx, and Home Depot, have had strong results. We anticipate that Ulta cosmetics will also be a successful tenant in this growth corridor of the Village,” said Steve Lentz, Mayor.

According to Village Administrator John Lobaito, Mundelein has received over $18 million in sales taxes from the Mundelein Crossings Shopping Center since it opened in 2005. “The shopping center generates between $1.5-$1.6 million annually in sales tax to the Village. Retailer TJ Maxx generates $300,000 annually in sales tax and preliminary estimates indicate that Ulta would generate $60,000 annually. Ulta is a premier tenant and we hope that this will help to attract other tenants to the shopping center,” Lobaito explains.

“We are very pleased to have negotiated an economic incentive deal with Mr. Shiner that benefits all parties involved. We believe this is a good deal for Mundelein because this incentive will help to attract more interest in our Mundelein Crossings Shopping Center. The diminishing number of available retailers to fill vacant retail space is a well-known fact across the country. In the coming years, there will likely be fewer newly built centers, so we anticipate fierce competition to fill available retail space. Incentive deals help Mundelein stay competitive,” Mayor Lentz concludes.

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