Midwest

FRANKFORT, ILL. — Inland Real Estate Corp. has acquired Prairie Crossings in Frankfort, an affluent southwest suburb of Chicago, for $24.7 million. Inland purchased the property in cash, excluding closing costs and adjustments from the seller, Beachwood, Ohio-based Chase Properties. The Prairie Crossings acquisition consists of approximately 109,000 square feet of gross leasable area, including more than 83,000 square feet of inline retail space, plus two multi-tenant outlot buildings. The power center is currently 99 percent leased. Bed Bath & Beyond, Sports Authority and Office Depot anchor the shopping center, which is shadow-anchored by Kohl’s. Other tenants include Famous Footwear, Panera Bread, Chipotle, Red Mango, Game Stop, Sleepy’s, Massage Envy and Spa and Hair Cuttery, among others.

GLEN ELLYN, ILL. — Mid-America Real Estate Corp. has brokered the sale of The Fresh Market Center in Glen Ellyn, a suburb in metro Chicago. New York-based American Realty Capital Properties Inc. purchased the 30,877-square-foot center for an undisclosed sales price. The Fresh Market Center is located at the southwest quadrant of Roosevelt and Lambert roads. The Fresh Market anchors the shopping center. Tenants include Firehouse Subs, Great Clips, Tide Dry Cleaners and European Wax Center. Joe Girardi and Rick Drogosz of Mid-America represented the seller, Minnetonka, Minn.-based Opus Development Company LLC.