Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Liberty Square, a core quality grocery-anchored community center serving the northwest Chicago suburb of Wauconda, Illinois, and positioned at the highly trafficked intersection of Rand Road and Liberty Street (IL-176). The 107,431-square-foot property was sold to Connecticut-based AmCap.
Liberty Square is 97% leased and anchored by a high performing Jewel-Osco store, the longtime No. 1 market share grocer in Chicago and a subsidiary of Albertsons Companies. The center also features a roster of specialty tenants including Pet Supplies Plus, USPS, Athletico, Subway, Great Clips, and T-Mobile, with PNC Bank and KFC outparcels.
Mid-America Real Estate Corporation Principal/Managing Broker Ben Wineman was the exclusive broker in the transaction on behalf of Maryland-based Broad Reach Retail Partners LLC.
