CHICAGO (November 11, 2020) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Stonebrook Plaza in Merrionette Park, Illinois.  The 95,825 square-foot grocery-anchored center was sold to Chicago-based Newport Capital Partners.

Stonebrook Plaza is positioned in the Chicago suburb of Merrionette Park, 17 miles southwest of downtown Chicago. The property is located at the intersection of 115th Street and Kedzie Avenue and serves the neighboring communities of Beverly, Oak Lawn and Evergreen Park.

The 96% leased center is anchored by market-leading grocer Jewel-Osco and features tenants Pet Supplies Plus, Hair Cuttery, H&R Block and Beggars Pizza.

Mid-America Real Estate Corporation Principal Joe Girardi was the exclusive broker in the transaction on behalf of the seller, Jacksonville, Florida-based Regency Centers.

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.

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LINKS:

Mid-America Real Estate: www.midamericagrp.com