Retail N Illinois

Mid-America Real Estate arranges sale of Wilmette’s historic Plaza Del Lago

  

Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of the historic Plaza Del Lago in Wilmette, IL. The acquisition of the 100,213 square-foot property was purchased by a publicly traded REIT.

Plaza Del Lago is located at the northwest corner of Sheridan Road and Westerfield Drive in Wilmette. This iconic, grocery-anchored town center, located on Chicago’s affluent North Shore, features a dynamic lineup of anchors including Jewel Osco, Starbucks, CVS, NorthShore University HealthSystem and Starbucks. The center also caters to a variety of local boutique restaurants, service providers and retailers serving the Wilmette, Kleinworth, Winnetka and north Evanston communities.

Mid-America Real Estate Corporation principals Ben Wineman and Stan Nitzberg, along with investment sales financial analysis director Chris Martin were the exclusive brokers in the transaction on behalf of Plaza Del Lago’s longtime family ownership.