Mid-America Real Estate Brokers the Sale of Nantucket Square
December 6, 2023
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Nantucket Square, located less than one mile from Route 390 (Elgin-O’Hare Tollway) and less than 3 miles from Interstate 290 in the Chicago suburb of Schaumburg at the heavily trafficked intersection of Roselle Road and Wise Road. The 53,720-square-foot center was sold to First-Tek, Incorporated.
Nantucket Square is leased to a diverse mix of tenants providing health & wellness, medical & dental, full-service and fast casual dining, and necessity and discretionary retailers, including Benjamin Moore, Accelerated Rehab Center, Play it Again Sports, Subway, and others. 8 out of 11 tenants are operating at Nantucket Square for over 15 years. The tenant base is an integral part of the community proven by their longevity. The property is shadow-anchored by Jewel-Osco, which boasts over 956K annual visits and provides excellent cross traffic to the rest of the center. This Jewel-Osco location ranks #35 (of 180) in Illinois.
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:
Olivia Simmons | 630.954.7363 | [email protected]