FRANKFORT, Ill. (October 7, 2014) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Prairie Crossings Shopping Center in Frankfort, Ill. The 109,079-square-foot center was purchased by Oak Brook, Ill.-based Inland Real Estate Corporation for $24.66 million.
Prairie Crossings Shopping Center is located at the southeast corner of US Route 30 and Wolf Road. The center boasts strong credit tenants including Bed Bath & Beyond, Sports Authority, Office Depot, Famous Footwear, Chipotle, and Panera, and is shadow-anchored by Kohl’s.
Ben Wineman and Carly Gallagher of Mid-America Real Estate Corporation were the exclusive brokers in the transaction on behalf of the seller, Beachwood, Ohio-based Chase Properties.
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.
Prairie Crossings Shopping Center in Frankfort, Ill.
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