{"id":1004690032,"date":"2023-11-13T08:39:33","date_gmt":"2023-11-13T16:39:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004690032"},"modified":"2023-11-14T06:19:02","modified_gmt":"2023-11-14T14:19:02","slug":"dra-advisors-sells-chicago-area-retail-center-for-21m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dra-advisors-sells-chicago-area-retail-center-for-21m\/","title":{"rendered":"DRA Advisors Sells Chicago-Area Retail Center"},"content":{"rendered":"
\"Completed<\/a>

Fresh Farms International Market anchors this Niles, Ill. retail center. Image courtesy of Mid-America Real Estate Corp.<\/em><\/p><\/div>\n

Nassimi Realty<\/strong> has purchased Four Flaggs, a 326,084-square-foot retail center in Niles, Ill. DRA Advisors<\/strong>\u00a0sold the property for $20.5 million, according to public records.<\/p>\n

Mid-America Real Estate Corp.<\/strong> brokered the transaction, with Principals\u00a0Ben Wineman and Rick Drogosz working on behalf of the seller.<\/p>\n

Anchored by Fresh Farms International Market, the property is home to local and national tenants such as Marshalls, PetSmart, Old Navy, JoAnn, Wendy\u2019s, AutoZone, McAlister\u2019s Deli, Starbucks, CosmoProf, Five Below, Tang Korean Restaurant and Ashley Furniture. At the time of the sale, Four Flaggs was 75 percent leased and managed by Pine Tree<\/strong>.<\/p>\n

Completed in 1973, the grocery-anchored shopping center comprises four one-story buildings spread on a 22.5-acre site at 8305 W. Golf Road, within Chicago’s North Shore. Having major street exposure, Four Flaggs is close to North Milwaukee Avenue and Route 14, which provide access across the Chicago metropolitan area.<\/p>\n

DRA Advisors has recently sold another Chicagoland property, a 226,029-square-foot<\/a> shopping mall in Geneva, Ill., with the assistance of Mid-America Real Estate Corp.\u2019s Investment Sales Group. The firm had acquired the asset in 1999 for $24.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mid-America Real Estate Corp. brokered the transaction.<\/p>\n","protected":false},"author":3014,"featured_media":1004690034,"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":[33919,36646],"class_list":["post-1004690032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-investment","category-midwest","category-latest","category-retail","tag-dra-advisors-llc","tag-mid-america-real-estate-corporation"],"acf":[],"yoast_head":"\nDRA Advisors Sells Chicago-Area Retail Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Nassimi Realty has purchased Four Flaggs, a 326,084-square-foot retail center in Niles, Ill. 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