Mid-America Real Estate Arranges for the Sale of Prairie Crossings Shopping Center
November 29, 2023
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Prairie Crossings Shopping Center, located at the “main and main” intersection along the Lincoln Highway retail corridor in the strong Frankfort/Mokena subregional market. The 109,079-square-foot center was sold to First-Tek, Incorporated.
Prairie Crossings Shopping Center consists of two multi-tenant pads featuring highly desirable uses including restaurants, fitness, services, and convenient care medical. Some key tenants include Chipotle, Panera, Hair Cuttery, Massage Envy, Botti Chiropractic, and Sloan Stevens Salon. The shopping center anchors the retail corridor of Lincoln Highway, which serves the surrounding affluent neighborhoods. The Frankfort/Mokena area is a very affluent area with a population of 97,900 residents and average household income of $152,900 within a five-mile radius of the property.
Mid-America Real Estate Corporation Principals Rick Drogosz, Ben Wineman and Joe Girardi were the exclusive brokers in the transaction on behalf of IRC Retail Centers/DRA Advisors. The property was managed by Pine Tree.
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:
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