Chicago & Midwest + Downtown + Retail | January 19, 2023

Mid-America Real Estate Corporation recently brokered the sale of a retail property located in Chicago’s River North neighborhood to a California buyer

California Investor Acquires River North Retail Property

Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Huron & Wells, a 17,343-square-foot retail property located in Chicago’s River North neighborhood.

Huron & Wells is anchored by CVS, a strong, necessity-based tenant that drives consumer traffic from the ultra-dense neighborhood nearby. Newly renovated, CVS’ endcap space benefits from visibility in all four directions. The nation’s largest pharmacy chain is complemented by a diverse inline tenant mix featuring Laser Away, a national aesthetic dermatology clinic; Cocoro, an established Japanese restaurant operating at the location for 14 years; and fitness user Vibez Fit.

Mid-America Real Estate Corporation principal Joe Girardi and VP Emily Gadomski were the exclusive brokers in the transaction on behalf of a Chicago-based private seller. The purchaser was a California-based 1031 exchange buyer, represented by Josh York of Syndicated Equities.

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Mid-America's Girardi

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).