Whole Foods to anchor center

VERNON HILLS — Regency Centers Corp. announced that Whole Foods Market has a lease to anchor Regency’s proposed Mellody Farm, a 270,000-square-foot mixed-use experiential retail center at the northeast corner of Route 60 and Route 21 in Vernon Hills. The plan includes specialty stores and restaurants, both local favorites as well as national brands. Enhanced peacemaking strategies such as 20-foot sidewalks and large gathering areas will produce a unique sense of place and energy at the development. “Whole Foods Market is the perfect anchor for the type of project we are looking to create,” said Matt Hendy, vice president of investments at Regency Centers. Michael Bashaw, regional president of Whole Foods Market Midwest, said the location will give the upscale grocery “the opportunity to serve new neighborhoods and make it easier for current customers to get all their favorite natural and organic groceries in a more convenient location.”

Glenbard Electric acquired

LOMBARD — Mokena-based Revere Electric Supply Company, a fourth generation, family owned, electrical distributor, recently acquired Glenbard Electric Supply in Lombard. Terms of the acquisition were not announced. The addition of Glenbard Electric aligns with Revere’s committed growth strategy to increase its contractor market share in Northern Illinois, with the intent of becoming Northern Illinois’s premiere electrical distributor for residential, commercial and industrial contractors. Glenbard Electric, celebrating its 50th anniversary, operates with the same traditions, strengths and customer centric values as the Revere organization. As a market leader in the construction industry, Glenbard Electric Supply’s expertise will help accelerate Revere’s established and growing contractor business by expanding and leveraging each other’s core competencies.

Plexus acquires benefits firm

DEER PARK — The Plexus Groupe LLC, a privately held national insurance brokerage and risk management consultancy, announced today it has acquired Caba Inc., an Oklahoma City-based employee benefits consultancy and administration services firm offering differentiated, value-added solutions for its clients. Terms of the acquisition were not announced. Founded over 30 years ago by Chief Executive Officer Cher A. Bumps, Caba manages members within employee-sponsored benefit plans in all 50 states and has a multistate client base. Included in the transaction is the Caba Employee Assistance Program. Caba will be rebranded as Plexus. “Caba’s client-centric focus and innovative solutions make it a perfect fit for us. The acquisition increases our presence and footprint in Oklahoma while expanding our service offerings to include EAP and third-party administration services.” said Walter R. Fawcett III, Plexus founder and CEO.

Inland names new CFO

OAK BROOK — Ernest Fiorante has joined The Inland Real Estate Group said as chief financial officer, overseeing financial activities, budgeting, bank/lender relationships, accounting and financial strategic planning for Inland. Fiorante, 46, most recently served as CFO of the Americas for Jones Lang LaSalle, where he was responsible for directing and leading all financial activities, as well as contributing to the development of the overall business strategy. Fiorante led JLL’s corporate finance team, budgeting and client accounting operations which, combined, consisted of over 800 employees. Fiorante holds an M.B.A. from Kellogg Graduate School of Management at Northwestern University and a bachelor’s degree from DePaul University. He is also a certified public accountant.