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Chicago & Midwest  + South Side  + Retail  | 

Mid-America Closes Sale of 100% Leased Retail on Far South Side

Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Shops of Beverly, a 100% leased service-oriented shopping center located within the Evergreen Park subregional trade area in the Beverly neighborhood on Chicago’s Far South Side.  

The 21,571-square-foot property was sold to a private buyer for an undisclosed sum. Principal Rick Drogosz and VP Emily Gadomski were the exclusive brokers in the transaction on behalf of the seller, Sperry Equities. 

Shops of Beverly houses a strong lineup of service, medical, and restaurant tenants, which includes national credit tenants Chipotle and Chase Bank. These two tenants and For Eyes have been operating at the shopping center since 2004.  

The shopping center also features extremely dense residential demographics. Within a three-mile radius of the center there are 220,000 residents with an average household income of $83,100, according to Mid-America. 

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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).

  • ◦Sale/Acquisition