October 16, 2023

Greenstone Partners brokers multi-tenant retail center “Midway Square”

Greenstone Partners successfully sold Midway Square, a 55,000-square-foot, 92% leased multi-tenant retail center located in Chicagoland, near Midway International Airport. Midway Square features a strong tenant mix, including Chase Bank, GNC, Sally Beauty, T-Mobile and a Dollar Tree that is ranked within the top 3% most visited locations in the United States.

The property’s 19-year average tenant tenure and its in-place five-plus years of weighted average lease term (WALT) remaining exemplifies the security and tenancies’ long-term commitment to the property. The retail center benefits from its location in a densely populated neighborhood with a three-mile population exceeding 275,000. In addition, the center is located directly across the street from the Pulaski CTA Orange Line “L” with over 1.5 million riders annually.