Mid-America Real Estate Arranges Sale of Machesney Gateway in Rockford, Illinois Area
CHICAGO (December 2, 2020) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Machesney Gateway in Machesney Park, Illinois. The 110,027 square-foot retail center was sold to private investor based in Atlanta.
Machesney Gateway is located in the Machesney Park community on the north side of Rockford, approximately 85 miles northwest of Chicago. The 100% occupied community center is leased to five retail and service tenants, anchored by Hobby Lobby and including other category leading national tenants in Office Depot, PetSmart, Dollar Tree, and Sally Beauty Supply. The center is shadow-anchored by Target and Home Depot.
Mid-America Real Estate Corporation Principal Ben Wineman and Associate Emily Gadomski were the exclusive brokers in the transaction on behalf of the seller, an affiliate of PMAT Companies, a national private investment platform with a track record of over $1.1B in Select Open-Air Retail (SOAR) transactions including multiple acquisitions and dispositions through COVID-19 in 2020.
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Chicago, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Oakbrook Terrace IL, Chicago, Milwaukee, Minneapolis and Detroit. For more information, call (630) 954-7300 or visit www.midamericagrp.com.
Mid-America Real Estate: www.midamericagrp.com