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Robin Thuringer
Corporate Marketing Director
rthuringer@midamericagrp.com
630.481.4015

Mid-America Real Estate Arranges Sale of Quincy Plaza in Ottumwa, IA for $5.5 million

Photo of Quincy Plaza available here.

OTTUMWA, Iowa. (November 23, 2016) – Mid-America Real Estate Corporation’s Investment Sales team recently acted as the exclusive broker for the sale of Quincy Plaza in Ottumwa, Iowa. The 137,389-square-foot center was purchased by Beaumont, Texas - based Albanese Cormier Holdings for $5.5 million.

Quincy Plaza is located at the southwest corner of US Route 34 and North Quincy Avenue in Ottumwa, Iowa. The center is anchored by Hobby Lobby, Famous Footwear and Rent-A-Center.

Mid-America Real Estate Corporation Principal Ben Wineman, a licensed broker in the state of Iowa, and Investment Broker Carly Gallagher were the exclusive brokers in the transaction on behalf of  a fund managed by Cincinnati-based Phillips Edison. The buyer was represented by Eric Wohl at Hanley Investment Group.

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.

LINKS:

     Mid-America Real Estate: www.midamericagrp.com
     Photo of Quincy Plaza available here.

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