Mid-America Real Estate Corporation’s Investment Sales Group successfully facilitated the sale of Orland Park Place, a thriving open-air regional center located in the bustling Chicago suburb of Orland Park, Illinois. The 649,668 square foot property boasts an impressive 87% occupancy rate and was acquired by Louisiana-based investment firm PMAT. Mid-America’s Principals Ben Wineman, Rick Drogosz, and Joe Girardi expertly represented IRC Retail Centers/DRA Advisors in this transaction. Pine Tree effectively managed the property.
Orland Park Place is home to several prominent national retailers such as Nordstrom Rack, Dick’s Sporting Goods, Marshalls,and Ross Dress for Less among others. Additionally,it offers a diverse selection of retail stores,services,and restaurants including Hobby Lobby,OId Navy,Barnes & Noble,DWS,Ashley Furniture,and Steinhafels.
PMAT Real Estate Investments specializes in developing and investing in value-add Select Open Air Retail (SOAR) properties across various regions including Southeast,Sunbelt,Southwest,and Midwest.
The recent sale of Orland Park Shopping Center by Mid-America marks yet another successful deal for Connect CRE,a leading real estate platform that connects investors with top-notch commercial properties nationwide.
