REjournals: Mid-America brokers sale of grocery-anchored shopping center in Chicago

Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Marketplace at Six Corners, a grocery-anchored urban shopping center in Chicago.

The property is located adjacent to the heavily trafficked intersection of three major thoroughfares – Irving Park Road, Cicero Avenue, and North Milwaukee Avenue. The 116,941-square-foot center was sold to Newmark Merrill.

Marketplace at Six Corners is anchored by Jewel-Osco, Marshalls, PetSmart, and Famous Footwear. This Jewel-Osco location is ranked in the 87th percentile in the state with 1.1 million annual visits, according to data. Marshalls receives nearly 600,000 annual visitors and is the #6 ranked location in the state, according to data

Mid-America Real Estate Corporation Principal Rick Drogosz was the exclusive broker in the transaction on behalf of IRC Retail Centers/DRA Advisors. The property was managed by Pine Tree.

Read the original article here: