Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Glenbrook Marketplace, a Walgreens shadow-anchored shopping center located in Chicago’s dense and affluent North Shore suburb of Glenview. The 47,873-square-foot center was sold to Phillips Edison & Company Inc.

Glenbrook Marketplace is leased to a complementary tenant line-up of largely service, food, and experience-oriented retailers including Starbucks, Fifth Third Bank, Athletico, Club Pilates, X Golf, Studio Spin, and Jimmy John’s providing significant consumer foot traffic to the center. The surrounding area boasts one of the most affluent population centers in the country with its location in the heart of the North Shore. There are 84,492 residents enjoying an average household income of $178,738 with median home values of $520,316 within a three-mile radius of the center.

Mid-America Real Estate Corporation Principal Joe Girardi and Vice President Emily Gadomski were the exclusive brokers in the transaction on behalf of Northpond Partners.

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 $14 billion to date.  For more information, visit www.midamericagrp.com.

Media Contact for More Information:

Olivia Simmons | 630.954.7363 | [email protected]