Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Deerbrook Shopping Center, a Jewel-Osco anchored shopping center with outstanding national tenancy and immediate value-add and redevelopment opportunities in Deerfield, Illinois.

Deerbrook Shopping Center is anchored by a high performing, full-service Jewel-Osco, and features a highly desirable rent roll of longstanding retailers and recent additions such as Marshalls, Floor & Décor, Sky Zone, Office Depot, Starbucks, Panera, Noodles & Company, Sleep Number, City BBQ, Mattress Firm, and Subway. The surrounding area of the 428,612 square foot center boasts one of the most affluent demographic profiles in the country with its desirable North Shore location. There are over 70,600 residents enjoying an average household income of $248,300 with median home values of $601,500 within a 3-mile radius.

Mid-America Real Estate Corporation Principals Rick Drogosz and Joe Girardi, and Senior Associate Patrick Corrigan, served as the exclusive listing brokers on behalf of the seller, a global investment advisor. The center was acquired by Core Acquisitions, LLC.

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]