Mid-America Real Estate Arranges Sale of Newport Pavilion in Newport, Kentucky
CHICAGO (July 8, 2021) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Newport Pavilion in Newport, Kentucky. The 336,907 square-foot fortress shopping center was sold to Rainier Companies.
Newport Pavilion is anchored by one of the top performing Kroger stores in the country and includes a dynamic anchor tenant line-up which includes Target (separately owned), Michaels, Dick’s Sporting Goods, TJ Maxx, ULTA, and PetSmart.
Mid-America Real Estate Corporation Principal Rick Drogosz, and Principal Joe Girardi were the exclusive brokers in the transaction of the seller, a joint-venture between DRA Advisors/IRC Retail Centers managed by Pine Tree.
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.