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Mid-America’s Investment Sales 1031 Net Lease Group Closes on Sale of Walgreen’s in Aurora

AURORA, Ill.  (October 13, 2009) – Oakbrook Terrace, Illinois-based Mid-America Real Estate Corporation’s Investment Sales 1031 Net Lease Group recently closed on the sale of 14,820-square foot Walgreens in Aurora, Ill. A private investor in Nebraska purchased the store for an undisclosed amount from TMK Development/Inland Real Estate, a partnership based in Oak Brook, Ill. Mid-America's Mark Goldberg and Tom Fritz represented seller in the disposition.

The brand new Walgreens is an outlot to a Super Wal-Mart that was constructed in March 2008. Other tenants within the development include Sonic, Starbucks, GameStop, and Fifth Third Bank. The development is located on the northwest corner of Butterfield and Kirk Roads in Aurora, Ill., one mile north of the Farnsworth Avenue exit off I-88, which is the access point to the Chicago Premium Outlets and its 120 outlet retailers. The City of Aurora, situated in the heart of Chicago’s western suburbs, is the second largest city in Illinois with a population of approximately 180,000.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group, which is celebrating its 25th anniversary year, is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com.

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