{"id":1004671153,"date":"2023-07-07T04:15:56","date_gmt":"2023-07-07T12:15:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004671153"},"modified":"2023-07-07T04:15:57","modified_gmt":"2023-07-07T12:15:57","slug":"bridge33-capital-buys-chicago-area-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bridge33-capital-buys-chicago-area-retail-center\/","title":{"rendered":"Bridge33 Capital Buys Chicago-Area Retail Center"},"content":{"rendered":"
\"Highland<\/a>

Highland Grove. Image courtesy of Mid-America Real Estate Corp.<\/em><\/p><\/div>\n

Bridge33 Capital<\/strong> has purchased Highland Grove, a 312,406-square-foot retail center in Highland, Ind. Madison International Realty<\/strong> was the seller, according to CommercialEdge data. Mid-America Real Estate Corp.<\/strong>\u2019s Investment Sales Group brokered the transaction.<\/p>\n

Completed in 1956, Highland Grove encompasses six buildings on a 29-acre site. Anchored by Kohl\u2019s, Burlington, Macy\u2019s, Michaels, Petco, Ulta and shadow-anchored by Target, Best Buy and Ashley Furniture, the retail center was 100 percent leased at the time of sale. The property’s tenant roster<\/a> also includes Five Below, Famous Footwear, Potbelly, Yankee Candle, GameStop, Wingstop, Torrid and Olive Garden.<\/p>\n

Situated in Chicago\u2019s Outlying Lake County submarket at 10300 Indianapolis Blvd., Highland Grove is right off Route 41, in an area with a high traffic count. Hoosier Prairie State Nature Preserve and Sky Zone Trampoline Park are within a 2-mile radius.<\/p>\n

Mid-America Real Estate Principals Ben Wineman and Joe Girardi, along Principal Rick Drogosz, worked on behalf of the seller. Girardi and Drogosz were also instrumental in the $23.5 million sale<\/a> of a 175,369-square-foot grocery-anchored retail property in Bourbonnais, Ill.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mid-America Real Estate Corp. brokered the transaction.<\/p>\n","protected":false},"author":3014,"featured_media":1004671156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21783,13,21742,21749],"tags":[52089,33189,36646],"class_list":["post-1004671153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-investment","category-midwest","category-latest","category-retail","tag-bridge33-capital","tag-madison-international-realty","tag-mid-america-real-estate-corporation"],"acf":[],"yoast_head":"\nBridge33 Capital Buys Chicago-Area Retail Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Bridge33 Capital has acquired Highland Grove, a retail center in Highland, Ind. 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