Mid-America Real Estate Arranges Sale of The Shops at Oak Brook Place in Oak Brook, Illinois
CHICAGO (February 13, 2020) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of The Shops at Oak Brook Place in Oak Brook, Illinois. The 177,165 square-foot trophy-quality shopping center was purchased by an institutional buyer.
The Shops at Oak Brook Place is situated at the southeast corner of 22nd Street and Midwest Road in Oak Brook, Illinois approximately 15 miles west of downtown Chicago. Oak Brook is the most desirable “super-regional” trade area in Chicago and benefits from outstanding demographics in every pertinent category from daytime population, income levels, population density, higher education, and more.
The Shops at Oak Brook Place is considered one of the premier shopping centers in the entire Chicago MSA, generating some of the highest sales for regional centers in the Midwest. The center is anchored by an array of “best in class tenants” including Nordstrom Rack, TJ Maxx, Ulta, Old Navy, and Nike. The Shops also benefit from being located less than half of a mile from Oakbrook Center, the dominant open-air regional mall in the Chicago MSA and most productive mall in the Midwest.
Mid-America Real Estate Corporation Principals Rick Drogosz and Joe Girardi were the exclusive brokers in the transaction on behalf of a Canadian REIT.
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