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NEWS RELEASE

Mid-America Real Estate's 1031/Net Lease Group Closes on the Sale of Two LA Fitness Centers

OAKBROOK TERRACE, Ill.  (February 9, 2010) – Oakbrook Terrace, Illinois-based Mid-America Real Estate Corporation’s Investment Sales, 1031/Net Lease Group announced the sale of two Chicagoland buildings leased to LA Fitness in separate dispositions

A 45,000 square-foot LA Fitness building in Waukegan, Ill., was sold with a quick, all cash closing, according to Mid-America's Mark Goldberg, who represented the seller along with Tom Fritz. The fitness center, built in 2009, is next to a new Super Wal-Mart-anchored shopping center in Chicago's north suburbs. The seller was a private Indiana-based development firm.

In a second transaction, a 45,000 square-foot LA Fitness in Alsip, Ill. was sold with a quick, all cash closing. The property is on Cicero Avenue in Chicago's south suburbs, in front of a newly constructed Home Depot. Mid-America's Mark Goldberg and Tom Fritz represented the seller in the transaction, Harlem Irving Companies, based in Chicago.

The buyers in both transactions were self-represented.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group, which is celebrating its 25th anniversary year, is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com.

WEB LINKS: Mid-America Real Estate: www.midamericagrp.com

PRESS CONTACTS representing Mid-America Real Estate Company

Jonelle Kearney
jonelle@dodier.com

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Kasia Yuska
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DODIER & COMPANY
800.970.7392 or 520.299.1000

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