Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of East Gate Commons, a 100% leased shopping center shadow anchored by Target in the affluent Chicago suburb of St. Charles (Kane County), Illinois. The 42,188 square foot property was sold to a private buyer in a 1031 exchange.

East Gate Commons features a tenant lineup of health & wellness, specialty soft goods, and service providers. Over the last two years, the center has experienced strong leasing activity with 51% of the center’s GLA signing new leases with Anytime Fitness, pOpshelf, and Secretary of State Driver’s Services. Within five miles of the center, there are 107,300 residents enjoying average household incomes of more than $150,400 and median home values of $352,600.

Mid-America Real Estate Corporation Principal Rick Drogosz, Vice President Emily Gadomski, and Associate Eric Geskermann were the exclusive brokers in the transaction on behalf of the seller, Sperry Equities. David Tran of Transmercial represented the buyer in the transaction.

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 or contact Olivia Palmer at [email protected].