Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Rice Lake Square, an institutionally maintained value-add grocery-anchored shopping center in Chicago’s dense and affluent western suburb of Wheaton, Illinois. The asset benefits from its exceptional position at the “main and main” intersection in one of the

dominant trade areas in Chicago’s western suburbs. The 251,584-square-foot center was sold to Core Acquisitions.

Rice Lake Square is 76.2% occupied with a strong base of tenants providing grocery, entertainment, fitness, restaurants, soft goods, and service draws from Pete’s Market, Studio Movie Grill, PetSmart, Orange Theory Fitness, Pure Barre, Potbelly Sandwich Shop, Taco Bell, Massage Envy, and more.

Mid-America Real Estate Corporation Principals Rick Drogosz and Stan Nitzberg were the exclusive brokers in the transaction on behalf of an institutional seller.

About Mid-America

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 company manages and leases 60 million square feet of retail space and represents over 270 retailers. Mid-America’s Investment Sales Group represents clients in the sale of retail properties throughout the greater Midwest region. The Investment Sales Group’s strategic approach combines outstanding national exposure with the best local knowledge, resulting in the successful disposition of over $16 billion to date.  For more information, visit www.midamericagrp.com.

Media Contact for More Information:

Olivia Simmons | 630.954.7363 | [email protected]