THREE MIDWEST RETAIL CENTERS SELL TOTALING $25 MILLION

WAUCONDA, ILL., SPRINGBORO, OHIO, AND SHELBY TOWNSHIP, MICH. — Mid-America Real Estate Corp. has brokered the sales of three shopping centers in the Midwest. In the first transaction, Farmington Hills, Mich.-based Ramco-Gershenson Properties Trust acquired Liberty Square, a 107,369-square-foot retail center in Wauconda, for $15.2 million. Ben Wineman, Joe Girardi and Stan Nitzberg of Mid-America represented the seller, Dallas-based Fritz Duda Co., in the transaction. In the second deal, Indiana-based Equity Investment Group, dba EIG Springboro Plaza LLC, purchased Springboro Plaza, a 154,034-square-foot shopping center in Springboro, for $7.1 million. Wineman and Rick Drogosz, also of Mid-America, and Amy Holter of Anchor Associates represented the seller, Inland Real Estate Corp. In the final transaction, a private investor acquired the 92,515-square-foot Roseland Shopping Center in Shelby Township for $3.5 million. Wineman, along with Daniel Stern and Richard Kerwin of Lormax Properties, represented the seller of the lender-owned property.