Core Acquisitions LLC Purchases Deerbrook Shopping Center In Deerfield For $44M With Mid-America Real Estate Group

A retail asset located at 110 South Waukegan Road in Deerfield, Illinois, was sold for $44,000,000. The property encompasses 428,612 square feet, translating to a price per square foot of $103. The Deerbrook Shopping Center is anchored by Jewel-Osco and includes retailers such as Marshalls and Starbucks, highlighting its commercial viability.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $44,000,000
• Square Footage: 428,612
• Address: 110 South Waukegan Road
• Market: Deerfield
• Price Per Square Foot: $103
• Buyer: Core Acquisitions, LLC
• Broker Representatives: Rick Drogosz, Joe Girardi & Patrick Corrigan - Mid-America Real Estate Group

The transaction was facilitated by Mid-America Real Estate Corp., highlighting the involvement of experienced brokers in the management of the sale. Core Acquisitions LLC has acquired the property, which presents immediate value-add and redevelopment potential, aligning with their investment strategies.