Mid-America Real Estate Corporation Executes Sale of Chicagoland’s #1 HomeGoods-Anchored Shopping Center in Elston Corridor
Mid-America Real Estate Corporation’s Investment Sales team is pleased to have brokered the sale of Elston Logan Plaza, a successful 56,080-square-foot HomeGoods-anchored shopping center located along the exceptionally performing Elston Corridor in Chicago.
Leased to a diverse array of strong national retailers, Elston Logan Plaza is anchored by the #1 most visited HomeGoods store in the Chicago MSA, with over 702,100 visits annually. Complementing the dominant soft goods retailer is a dynamic restaurant, specialty, service, and wellness tenant line-up including Chipotle, Potbelly, Forever Yogurt, David’s Bridal, Verizon, T-Mobile, The Vitamin Shoppe, The Joint Chiropractic, European Wax Center, Salon & Barber Shop, and Nail Secrets. Elston Logan Plaza was sold to Newport Capital Partners for $29,250,000.
Principal Joe Girardi and Vice President Emily Gadomski were the exclusive brokers in the transaction on behalf of the seller, Novak Construction Company.
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.