Mid-America Real Estate Corporation Arranges Sale of State Street Market in Rockford, Illinois
CHICAGO (March 21, 2022) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of State Street Market, a 193,657 square foot redevelopment opportunity. Positioned at the northwest corner of State Street and Trainer Road, the 69% occupied shopping center is home to Burlington, Dollar Tree, Jo-Ann, Old Chicago, and PetSmart.
Mid-America Real Estate Corporation Principal Rick Drogosz was the exclusive broker in the transaction on behalf of the seller, Highlands REIT and the buyer, Rhino Investments.
About Mid-America Real Estate Group
Mid-America Real Estate Group is the largest regional retail property services firm in the Midwest. The organization’s exclusive focus on retail real estate, 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 42 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 $12.15 billion to date. For more information, visit www.midamericagrp.com.
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