Mid-America Real Estate Corporation Executes Sale of Mixed-Use Neighborhood Center in North Shore Downtown Highland Park, Illinois
Mid-America Real Estate Corporation’s Investment Sales team is pleased to have brokered the sale of The Shops on Elm Place a 35,672-square-foot mixed-use neighborhood center located in the heart of the affluent North Shore Chicago suburban downtown of Highland Park, Illinois.
The Shops on Elm Place is 87% leased to a complementary line up of retail, service, dining, medical, and office tenants including The BBQ Pit, Spiffy Entertainment, US Holocaust Memorial Museum, Bentley Safety Products, LifeStance, and Dr. Gilbert Orthodontics. The vibrant and highly trafficked surrounding area features strong upscale retail offerings including Anthropologie, Bluemercury, Pottery Barn, Starbucks, Free People, Landmark Renaissance Cinema, Lou Malnati’s, Sunset Foods, and Walgreens. The Shops on Elm Place was sold to a Private 1031 Buyer.
Mid-America Real Estate Corporation Principal Joe Girardi and Vice President Emily Gadomski were the exclusive brokers in the transaction on behalf of Northpond Partners.
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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