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Mid-America Real Estate Corporation’s Investment Sales Group has announced the successful sale of Shoppes at College Hills, a 144,555-square-foot regional town center located in Normal, Illinois.
Ben Wineman, Principal and Managing Broker at Mid-America Real Estate Corporation, served as the exclusive listing broker for the transaction. The seller was a joint venture between M&J Wilkow and ALTO Real Estate Funds. The retail center was acquired by a private investment group.
Shoppes at College Hills boasts a strong tenant lineup, anchored by Hobby Lobby and shadow-anchored by major retailers such as Target, Von Maur, and Crunch Fitness. It stands as a premier shopping, service, and dining destination in the Bloomington-Normal market of Central Illinois.
The center is currently 96% leased, featuring a mix of national specialty tenants including J.Crew Factory, Starbucks, JD Sports, Maurices, Buckle, Comcast, Dry Goods, Charles Schwab, Massage Envy, J. Jill, Bath & Body Works, Chico’s, Soma, White House Black Market, and Crumbl Cookies. National brands represent 90% of the tenant mix, further solidifying the center’s position as a dominant retail hub in the region.
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