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Chicago & Midwest  + Illinois  + Retail  | 

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.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.