Mid-America Arranges $150 Million Sale of Five-Property Retail Portfolio in Chicago

by Katie Sloan

Chicago — Mid-America Real Estate Corp. has arranged the $150 million sale of a five-property retail portfolio in Chicago known as the Smithfield Chicago Urban Portfolio.

Acadia Realty Trust purchased the properties from Smithfield Properties. The assets included State & Washington Shops, with a tenant roster that includes Nordstrom Rack and H&M; 151 N. State St., a flagship Walgreens store at the corner of State and Randolph streets; North & Kingsbury Center, which is leased to Old Navy, Pier 1, Blick Art Materials and Modani Furniture; California & Armitage Shops, leased to PNC Bank, 7-Eleven, The UPS Store, Sally Beauty Supplies and Athletico; and Milwaukee & Concord Shops, leased to 7-Eleven, The UPS Store and Kriser’s. Joe Girardi and Stan Nitzberg of Mid-America Real Estate represented Smithfield Properties in the transaction.

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