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IllinoisRetail

Mid-America Real Estate Corporation executes sale of Chicagoland’s No. 1 HomeGoods-anchored shopping center

May 18, 2022
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Mid-America Real Estate Corporation’s Investment Sales team is pleased to have brokered the sale of Elston Logan Plaza, a successful 56,080-square-foot HomeGoods-anchored shopping center located along the Elston Corridor in Chicago.

Leased to a diverse array of strong national retailers, Elston Logan Plaza is anchored by the No. 1 most visited HomeGoods store in the Chicago MSA, with over 702,100 visits annually. Complementing the dominant soft goods retailer is a dynamic restaurant, specialty, service, and wellness tenant line-up including Chipotle, Potbelly, Forever Yogurt, David’s Bridal, Verizon, T-Mobile, The Vitamin Shoppe, The Joint Chiropractic, European Wax Center, Salon & Barber Shop, and Nail Secrets. Elston Logan Plaza was sold to Newport Capital Partners for $29,250,000.

Principal Joe Girardi and Vice President Emily Gadomski were the exclusive brokers in the transaction on behalf of the seller, Novak Construction Company.

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