Mid-America Real Estate Corporation Executes Sale of Liberty Square in Suburb of Wauconda
October 26, 2022
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Liberty Square, a core quality grocery-anchored community center serving the northwest Chicago suburb of Wauconda, Illinois, and ideally positioned at the highly trafficked intersection of Rand Road and Liberty Street (IL-176). The 107,431-square-foot property was sold to Stamford, Connecticut based AmCap.
Liberty Square is 97% leased and anchored by a high performing Jewel-Osco store, the longtime #1 market share grocer in Chicago and a subsidiary of Albertsons Companies (NYSE:ACI). The center also features a dynamic roster of specialty tenants including Pet Supplies Plus, USPS, Athletico, Subway, Great Clips, and T-Mobile, with PNC Bank and KFC outparcels.
Mid-America Real Estate Corporation Principal/Managing Broker Ben Wineman was the exclusive broker in the transaction on behalf of Millersville, Maryland based Broad Reach Retail Partners LLC.
About Mid-America Real Estate
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. Mid-America leases and manages more than 60 million square feet of retail space, and represents over 270 retailers and other tenants.
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 $13 billion to date. For more information, visit www.midamericagrp.com.
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