Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Pier 37 Shopping Center, a 117,078 square foot grocery-anchored shopping center ideally positioned along Monona, Wisconsin’s (Madison MSA) primary commercial thoroughfare.

Pier 37 features a freestanding Metro Market (Kroger), one of the most popular grocery chains in Wisconsin by market share and number of locations. In addition to Metro Market, the center features Staples, Woodcraft, Buffalo Wild Wings, Starbucks, Jimmy John’s, Verizon, and other high performing tenants. The subject offering caters to the Madison MSA’s desirable surrounding demographics, which features an affluent, densely populated residential market of more than 159,900 residents within five miles and a corresponding average household income of $83,900.

Mid-America Real Estate Corporation Principal Rick Drogosz and Senior Associate Patrick Corrigan served as the exclusive listing brokers on behalf of the seller, United Properties. The center was acquired by Galway Companies, Inc.

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.

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Olivia Palmer | [email protected]