Mid-America Arranges Sale of 317,006-Square-Foot Shopping Center in Metro Chicago

by Hayden Spiess

Crystal Lake, Ill. — Mid-America Real Estate Corp. has arranged the sale of Crystal Point Shopping Center, a 317,006-square-foot shopping center located in Crystal Lake, a suburb of Chicago. Tenants at the property, which was 87 percent occupied at the time of sale, include T.J. Maxx, Best Buy, Ross Dress for Less, The Fresh Market, Ulta Beauty, Steinhafels Furniture and Cost Plus World Market. PMAT Real Estate Investments acquired the center for an undisclosed price. Ben Winmena, Rick Drogosz and Joe Girardi of Mid-America brokered the transaction on behalf of the seller, IRC Retail Centers/DRA Advisors. Pine Tree managed the property on behalf of the seller. 

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