CHICAGO (February 9, 2021) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of West Village Center in Chanhassen, Minnesota. The 142,724 square-foot retail center was purchased by Cincinnati-based Phillips Edison.

The 93% leased grocery-anchored center features Lunds & Byerlys, one of the strongest boutique grocery chains in the country that combines traditional grocery store offerings with an upscale prepared food and produce section. Complementing the Lunds & Byerlys is a diverse tenant line-up consisting of service, medical, and specialty retailers including Party City, TCF Bank, FedEx, OfficeMax, Caribou Coffee, Great Clips, a nail salon, and an orthodontic office.

Mid-America Real Estate Corporation Principal Joe Girardi and Associate Vice President Emily Gadomski in cooperation with Mid-America Real Estate-Minnesota, LLC Principal Mark Robinson were the exclusive brokers in the transaction on behalf of the seller, an affiliate of San Mateo, California-based Glenborough.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Chicago, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Oakbrook Terrace IL, Chicago, Milwaukee, Minneapolis and Detroit.  For more information, call (630) 954-7300 or visit www.midamericagrp.com.

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LINKS:

Mid-America Real Estate: www.midamericagrp.com