Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of East Park Plaza, a 214,029 square foot grocery-anchored shopping center with attractive value-add opportunities and a strategic position along Lincoln, Nebraska’s primary commercial thoroughfare.

East Park Plaza features a freestanding Russ’s Market, one of the most popular grocery chains in the Lincoln MSA. In addition to Russ’s Market, the center features high performing Marcus Theatres and Famous Footwear locations that generate strong sales per square foot. The subject offering caters to desirable surrounding demographics, featuring an affluent, densely populated residential  market of more than 209,800 residents within five miles and a corresponding average household income of $88,200, in addition to the more than 24,000 students attending the nearby University of Nebraska-Lincoln.

Mid-America Real Estate Corporation Principal Rick Drogosz and Senior Associate Patrick Corrigan served as the exclusive listing broker on behalf of the seller, Starwood Property Trust. The center was acquired by Broad Reach Retail Partners.

About Mid-America Real Estate

Mid-America Real Estate is #1 in retail real estate services in the Midwest, with full-service offices in Illinois, Michigan, Minnesota and Wisconsin. Our exclusive focus on retail property, combined with cutting-edge technology and unsurpassed service, distinguishes Mid-America within the industry and provides clients with a competitive edge. The total consideration value of leasing and investment sales transactions facilitated in 2024 was $2.28 billion. Mid-America leases and manages more than 50 million square feet of retail space and represents over 270 retailers and other tenants. For more information, visit www.midamericagrp.com.

Media Contact for More Information:

Olivia Palmer | [email protected]