Mid-America Real Estate Corp.‘s Investment Sales Group has announced the recent sale of Metropolitan Place Retail Shops in Chicago for an undisclosed amount. St. Louis-based Bianco Properties purchased the center from Chicago-based Syndicated Equities.
The fully leased Metropolitan Place Retail Shops is the 21,000-square-foot street level retail condominium portion of Metropolitan Place, a 10-story residential building in downtown Chicago’s West Loop, the city’s largest and fastest growing office submarket. The property is located on the northwest corner of Canal and Adams streets, just steps from the two largest commuter rail stations in Chicago – Union Station and Ogilvie Transportation Center. Tenants include CVS Pharmacy, Starbucks, H&R Block and Jimmy John’s.
Mid-America Principal Ben Wineman and Investment Associate Heather Rink exclusively represented the seller in the transaction. The buyer represented themselves.
