Highland Grove. Picture courtesy of Mid-America Actual Property Corp.
Bridge33 Capital has bought Highland Grove, a 312,406-square-foot retail heart in Highland, Ind. Madison Worldwide Realty was the vendor, in keeping with CommercialEdge information. Mid-America Actual Property Corp.’s Funding Gross sales Group brokered the transaction.
Accomplished in 1956, Highland Grove encompasses six buildings on a 29-acre web site. Anchored by Kohl’s, Burlington, Macy’s, Michaels, Petco, Ulta and shadow-anchored by Goal, Greatest Purchase and Ashley Furnishings, the retail heart was 100% leased on the time of sale. The property’s tenant roster additionally contains 5 Under, Well-known Footwear, Potbelly, Yankee Candle, GameStop, Wingstop, Torrid and Olive Backyard.
Located in Chicago’s Outlying Lake County submarket at 10300 Indianapolis Blvd., Highland Grove is true off Route 41, in an space with a excessive visitors rely. Hoosier Prairie State Nature Protect and Sky Zone Trampoline Park are inside a 2-mile radius.
Mid-America Actual Property Principals Ben Wineman and Joe Girardi, alongside Principal Rick Drogosz, labored on behalf of the vendor. Girardi and Drogosz had been additionally instrumental within the $23.5 million sale of a 175,369-square-foot grocery-anchored retail property in Bourbonnais, Ailing.
