Mid-America Real Estate Executes Sale of Service-Oriented Shopping Center in Chicago – Beverly Neighborhood
October 4, 2022
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Shops of Beverly, a 100% leased service-oriented shopping center located within the Evergreen Park sub-regional trade area in the Chicago neighborhood of Beverly. The 21,571-square-foot property was sold to a Private Buyer.
Shops of Beverly houses a strong line-up of service, medical, and restaurant tenants, which includes national credit tenants Chipotle (NYSE: CMG) and Chase Bank (NYSE: JPM). These two tenants and For Eyes have been operating at the shopping center since 2004. The shopping center also features extremely dense residential demographics. Within a three-mile radius of the center there are 220,000 residents with an average household income of $83,100.
Mid-America Real Estate Corporation Principal Rick Drogosz and Vice President Emily Gadomski were the exclusive brokers in the transaction on behalf of Sperry Equities.
About Mid-America Real Estate
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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