Mid-America Real Estate Brokers the Sale of Chestnut Court in Darien, IL
December 7, 2023
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Chestnut Court in Darien, Illinois. The 172,697-square-foot center was sold to First-Tek, Incorporated.
Chestnut Court is one of the top-performing shopping centers in Darien, averaging over 860K visits annually. The center’s popular anchors, which include Ross Dress for Less, and Jo-Ann Fabric help bolster Chestnut Court’s prominence in the trade area. Chestnut Court benefits from its location in the upper-middle-class Darien and Woodridge suburbs of Chicago. The three-mile median home value is over $335K and households enjoy average incomes of over $130K.
Mid-America Real Estate Corporation Principals Rick Drogosz, Ben Wineman, and Joe Girardi were the exclusive brokers in the transaction on behalf of 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.
Media Contact for More Information:
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