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Mid-America Executes Sale of Illinois Retail Center on Behalf of JV
Mid-America Real Estate Corporation’s Investment Sales Group announced the sale of Shoppes at College Hills, a 144,555-square-foot regional town center in Normal, Illinois.
Mid-America Real Estate Corporation Principal and Managing Broker Ben Wineman acted as the exclusive listing broker in the transaction on behalf of the seller, a joint venture between M&J Wilkow and ALTO Real Estate Funds. The property was acquired by a private investment group.
Anchored by Hobby Lobby and shadow-anchored by Target, Von Maur, and Crunch Fitness, the center is a market-dominant shopping, service, and dining destination in the Central Illinois market of Bloomington-Normal.
Shoppes at College Hills is 96% leased to specialty tenants, including J.Crew Factory, Starbucks, JD Sports, Maurices, Buckle, Comcast, Dry Goods, Charles Schwab, Massage Envy, J. Jill, Bath & Body Works, Chico’s, Soma, WHBM, and Crumbl Cookies, among others, with national brands comprising 90% of the center.