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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

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.

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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.