Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Oak Forest Commons, a value-add shopping center located in Oak Forest (Suburban Chicago), Illinois.  The 115,754 square foot center was sold to First Tek.

Oak Forest Commons presents the opportunity for ownership to lease up grocer space formerly occupied by Food 4 Less. The area surrounding Oak Forest Commons features a dense, upper middle-income demographic profile. The community within a three-mile radius of the subject contains a population of nearly 81K with average household incomes of over $94K.

Mid-America Real Estate Corporation Principals Rick Drogosz, Ben Wineman, and Joe Girardi were the exclusive brokers in the transaction on behalf of IRC Retail Centers/DRA Advisors. The property was managed by Pine Tree.

About Mid-America

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. The company manages and leases 60 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 $16 billion to date.  For more information, visit www.midamericagrp.com.

Media Contact for More Information:

Olivia Simmons | 630.954.7363 | [email protected]