Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Market Meadows, a recently redeveloped 149,185 square foot grocery-anchored community center located in Naperville, Illinois.

Market Meadows is anchored by a strong-performing Jewel-Osco, providing excellent drawing power to the center. The 98% leased shopping center features a stable tenant line-up of national, regional, and local tenants including Jewel-Osco, McDonald’s, U.S. Bank, BMO Bank, Chipotle, Jersey Mike’s Subs, Delta Life Fitness, Dutch Bros, Big Blue Swim School, Versiti Blood Center of Illinois, T-Mobile and more. Since the recent redevelopment, the center has executed 22 new leases and features an unmatched average weighted lease term of 9 years.

Positioned at the corner of the fully signalized intersection of 75th Street (31,300 VPD) and Naper Boulevard (15,400 VPD), the shopping center features superb visibility and frontage along two major thoroughfares in Naperville. Naperville was ranked the third Best City to Live in America by Niche in 2022 and the area surrounding Market Meadows provides outstanding residential demographics.

Mid-America Real Estate Corporation Principal Rick Drogosz and Associate Eric Geskermann served as the exclusive listing brokers on behalf of the seller, Shorewood Development. The center was acquired by an institutional investor.

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]