Photo of Townline Square available here.
CHICAGO (July 12, 2019) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Townline Square in Mundelein, Illinois. The 128,108-square-foot center was purchased by Fort Wayne, Indiana-based Equity Investment Group for $10.95 million.
Townline Square is located just west of the most prominent retail corridors in Chicago’s northern suburbs. Centered on the 1.3 million square foot Hawthorn Mall two miles east of Townline Square, the trade corridor contains over 3.5 million square feet and is anchored by a wide assortment of tenants.
Townline Square is a grocery-anchored shopping center featuring Jewel-Osco (the #1 market share grocer in Chicago). Jewel-Osco is complemented by an exceptional mix of national and regional junior anchor and inline tenancy, including Charter Fitness, Dollar Tree, Goldfish Swim School, and H&R Block, amongst others.
Mid-America Real Estate Corporation Principal Rick Drogosz was the exclusive brokers in the transaction on behalf of a client of Minneapolis, Minnesota-based United Properties.
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Chicago, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Oakbrook Terrace IL, Chicago, Milwaukee, Minneapolis and Detroit. For more information, call (630) 954-7300 or visit www.midamericagrp.com.
Mid-America Real Estate: www.midamericagrp.com