Photo of Prairie Market Shopping Center located in Oswego (Chicago MSA), Ill. available here.
OSWEGO (CHICAGO MSA), Ill. (May 27, 2015) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Prairie Market Shopping Center located at the southwest corner of US Highway 34 and 5th Street in Oswego, Ill. The 131,883-square-foot center is anchored by Dick’s Sporting Goods, Best Buy and DSW. Other notable tenants include Ulta, Pier 1, Jersey Mike’s, Dunkin’ Donuts and Chipotle.
The center was purchased by a private investment firm for $24.25 million. Ben Wineman of Mid-America Real Estate Corporation was the exclusive broker in the transaction on behalf of the seller, Birmingham, Mich.-based ValStone Partners.
ValStone Partners is a private equity investment firm founded in 1998 with a focus on investments in less efficient alternative sectors including debt, direct real estate and related special situations. Since inception, ValStone Partners has completed transactions with aggregate stated value of more than $1.2 billion. ValStone Partners has offices in Birmingham, Mich. and Baltimore. For more information, visit www.valstonepartners.com.
Lormax Stern Development Company of Bloomfield Hills, Mich. managed the property for ValStone Partners, and Mid-America Real Estate Group will take over management and continue to lease the property for the new owner.
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 Market Shopping Center located in Oswego (Chicago MSA), Ill.
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