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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Mid-America Real Estate Closes Suburban Chicago Retail Transaction

Mid-America Real Estate Corporation’s Investment Sales Group completed the sale of Orland Park Place, a dominant regional center strategically located along the primary commercial corridor of LaGrange Road in the south suburban Chicago community of Orland Park.

The 580,477-square-foot property is 93% leased and is anchored by national and regional retailers, including Nordstrom Rack, Marshalls, Ross Dress for Less, Dick’s Sporting Goods, Steinhafel’s Furniture, Ashley Home Store, DSW, Barnes & Noble, and Planet Fitness.

Mid-America Real Estate Corporation Principals Ben Wineman, Joe Girardi, Rick Drogosz, and Investment Associate Patrick Corrigan acted as the exclusive listing brokers on behalf of the seller, PMAT Real Estate Investments. The property was acquired by a private partnership led by Ashkenazy Acquisition Corporation, based in New York.

The subject sale included the primary 568,577-square-foot inline center and one 11,900-square-foot freestanding restaurant outparcel. PMAT Real Estate Investments retains ownership of the five outlot buildings fronting LaGrange Road that total over 65,000 square feet.

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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.

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