Mid-America Real Estate Brokers the Sale of 326,084 SF Shopping Center in Niles
November 10, 2023
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Four Flaggs, in Niles, Illinois. The 326,084-square-foot property was sold to Nassimi Realty.
Four Flaggs is anchored by Fresh Farms International Market, a high-performing family-owned operator with four stores all located in the northern suburbs of Chicago. The center is currently 75% occupied with a strong base of tenants including Marshalls, PetSmart, Old Navy, JoAnn, Five Below, and Ashley Furniture.
Mid-America Real Estate Corporation Principals Ben Wineman and Rick Drogosz were the exclusive brokers in the transaction on behalf 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.
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