Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Downers Park Plaza, a 94% leased grocery anchored shopping center located in the west suburban Chicago community of Downers Grove. The 124,005-square-foot center was sold to Detroit, MI based Broder & Sachse Real Estate.

Downers Park Plaza is anchored by Shop & Save Market, a privately owned independent grocery chain, along with Dollar Tree, Phenix Salon Suites, Super CDA, Quilters Quest, CosmoProf, AAA, and Hallmark, among others. The center is shadow-anchored by national retailers including TJ Maxx/HomeGoods, Best Buy, and Old Navy.  The center is situated at the northeast corner of 75th Street and Lemont Road, and serves the affluent DuPage County suburbs of Downers Grove, Darien, Westmont, and Woodridge.

Mid-America Real Estate Corporation Principal Ben Wineman and Vice President Emily Gadomski were the exclusive brokers in the transaction on behalf of PMAT.

PMAT Real Estate Investments is a real estate development and investment platform focused on value-add Select Open Air Retail (SOAR) investments across the Southeast, Sunbelt, Southwest, and Midwest regions with over 100 completed transactions consisting of approximately 12.5 million square feet with an aggregate value in excess of $1.5 billion. PMAT’s proven investment strategy is to acquire fundamentally strong, value-add Select Open Air Retail (SOAR) assets anchored by grocery, discount, off-price and necessity tenants and to create long-term value through redevelopment, renovation, and re-tenanting.

Broder Sachse Real Estate is an acquisitions and development company focused on expanding its portfolio of multifamily, retail, boutique, office, industrial, and mixed-use projects in urban and suburban markets nationwide. With 30+ years of experience and nationwide resources across its enterprise of companies with 300+ team members, Broder Sachse Real Estate has a proven track record of efficiently and effectively closing deals across geographies, deal types, and asset classes.

About Mid-America

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:

Olivia Simmons | 630.954.7363 | [email protected]