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Ashlee Yenney
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ayenney@midamericagrp.com
630.481.4015

Mid-America Real Estate Arranges Sale of The Plaza in Chicago MSA

Photo of The Plaza located in Evergreen Park (Chicago MSA), Ill. available here.

EVERGREEN PARK (CHICAGO MSA), Ill. (June 18, 2015) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of The Plaza located in Evergreen Park (Chicago MSA), Ill. The property was purchased by a joint venture led by Bloomfield Hills, Mich.-based Lormax Stern Development Company together with an institutional partner for a large scale redevelopment.

The Plaza is located at the southwest corner of Western Avenue and 95th Street in the infill Chicago community of Evergreen Park, Ill. The property is currently a 735,000-square-foot enclosed regional mall with remaining tenants including Carson Pirie Scott, Planet Fitness, and Applebee’s. Plans are to soon redevelop The Plaza into a modern, Class A power center totaling approximately 450,000 square feet.

Ben Wineman of Mid-America Real Estate Corporation was the exclusive broker in the transaction on behalf of a CMBS Trust.

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

Evergreen Plaza
The Plaza located in Evergreen Park (Chicago MSA), Ill.
 Click on image to view hi-res version

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