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Mid-America Real Estate Brokers Sale of Grocery-Anchored Retail Property in Park Ridge
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of The Shops of Uptown, a 70,144-square-foot grocery-anchored retail property located in Park Ridge, Illinois.
The Shops of Uptown is part of the award-winning Uptown mixed-use development, which combines retail, residential, and public gathering spaces to create a vibrant destination and built-in customer base. The development’s strong placemaking attributes and central location have made it a cornerstone of the Park Ridge community.
Anchoring the property is Trader Joe’s, the only Trader Joe’s location within a five-mile radius of the center. The property benefits from Park Ridge’s highly desirable demographics and proximity to downtown Chicago. Mid-America Real Estate Corporation Principal Joe Girardi and Senior Associate Patrick Corrigan served as the exclusive listing brokers on behalf of the seller, Phillips Edison Company. The property was acquired by an institutional investment manager.
