Parranto: New Chapter As Image Studios Opens In Illinois
Deal News | Mar 05, 2025 | Continental Realty Corp
Veronika and Greg Parranto, franchise owners, are inaugurating the first IMAGE Studios in Illinois at Fox River Commons, Naperville. IMAGE Studios, a salon suite concept, supports autonomous beauty professionals like hair stylists, estheticians, and massage therapists by providing fully-equipped private spaces under one roof. Fox River Commons, managed by Continental Realty Corporation, is strategically located with ample footfall and parking. The Parrantos' venture will cover 10,645 square feet, incorporating 48 individual studios. IMAGE Studios is renowned for its upscale environment, enhancing its appeal to clients seeking premium beauty services. Veronika Parranto, a CPA, will manage operations, supported by Greg, whose background spans the Army and corporate sectors. They emphasize IMAGE Studios' comprehensive support system for beauty professionals. More broadly, Naperville's retail center, brisk and vibrant, benefits from this new tenant, promising mutual growth for its diversified retailers.
Sectors
- Retail Real Estate
- Beauty and Wellness
- Franchise Business
Geography
- United States – This is the location of the involved companies and the planned opening of IMAGE Studios in Naperville, Illinois.
- Illinois – Specifically, Naperville, Illinois, is the location of the new IMAGE Studios at Fox River Commons.
Industry
- Retail Real Estate – Continental Realty Corporation engages in owning and managing retail spaces, such as Fox River Commons, where IMAGE Studios will be located.
- Beauty and Wellness – IMAGE Studios operates in the beauty and wellness sector, providing salon spaces for independent beauty professionals.
- Franchise Business – The article discusses the franchise operation of IMAGE Studios which supports entrepreneurs like the Parrantos in the beauty industry.
Financials
- 10,645 square feet – The leased space for IMAGE Studios at Fox River Commons.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Veronika Parranto | Franchise Owner/Operator | People | Together with her husband, Greg, she's opening the first IMAGE Studios in Illinois. |
| Greg Parranto | Franchise Owner | People | Franchise co-owner interested in supporting small business owners. |
| Continental Realty Corporation (CRC) | Landlord/Property Manager | Company | A full-service real estate company owning retail centers like Fox River Commons. |
| IMAGE Studios | Franchise Parent Company | Company | A salon suite concept allowing beauty professionals to operate independently. |
| Fox River Commons | Shopping Center | Company | A retail center in Naperville where the IMAGE Studios will be located. |
| Kristin Perry | Leasing Manager | People | Leasing Manager for Continental Realty Corporation involved in the leasing transaction. |
| Brooke Spinell | Landlord Representative | People | Representative from Mid-America Real Estate representing the landlord. |
| Carlie Wilmes | Tenant Representative | People | Representative from Reimagine CRE representing the tenant. |