Chicago & Midwest + Greater Chicagoland + Retail | February 10, 2023

Mid-America Brokers Sale of Fully Leased Countryside Shopping Center

Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Salem Square, a 100% leased shopping center in the city of Countryside, a suburban community within Lyons Township, IL, approximately 14 miles from downtown Chicago. The 116,992-square-foot property was sold to a private real estate investment firm for an undisclosed sum.

Salem Square is fully leased to a stable tenant line-up including service, dining, and retail uses including TJ Maxx/Homegoods, Marshalls, ATI Physical Therapy, Famous Footwear, Mangia Mangia, Great Clips, Card Frenzy, and Magic Nails. The in-place tenant mix provides a desirable co-tenancy for future retailers. Within a three-mile radius of the center, the average household income is more than $161,000 annually and there are 82,000 residents.

Principals Rick Drogosz and Joe Girardi of Mid-America Real Estate Corporation were the exclusive brokers in the transaction on behalf of IRC Retail Centers/DRA Advisors.

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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).

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