UPTOWN CHICAGO — Oakbrook Terrace, Ill.-based Mid-America Asset Management has brokered the sale of 132,000 square feet of space within Wilson Yard, a 5-acre mixed-use redevelopment that is currently underway in Uptown Chicago. Target has purchased the property from Chicago-based Holsten Real Estate Development Corp. for an undisclosed amount. The retailer plans to open at the development in the fall of 2010, in conjunction with a 20,000-square-foot specialty retail component that is planned for the project. Situated on the site of a former Chicago Transit Authority Rail Yard, the $150 million Wilson Yard development includes a mix of retail, residential and office space, as well as a 700-car parking garage. Mid-America Asset Management’s Development Services is serving as the construction manager for Wilson Yard. Richard Spinell and Paul Bryant of Mid-America Asset Management represented the seller; Adrian Brown of Indianapolis-based Gershman Brown Crowley Inc. represented the buyer in the transaction.
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