Retail Midwest

Cawley brokers $9.8M retail sale in Rockford

Joseph Castrogiovanni, Jr., John A. Castrogiovanni, and Fran Knutson of JTJ, LLC sold the 122,092-Square-Foot Brynwood Square Neighborhood Shopping Center located at 2615 Mulford Rd, Rockford, Ill to Midland Atlantic out of Cincinnati, Ohio for $9,850,000 or $80.68 per square foot; and a CAP rate of about nine percent.

Retail O Indiana

Dan Meador: Seeing an uptick in Indianapolis

Dan Meador, managing director of brokerage services in the Indianapolis office of Cassidy Turley, is optimistic on the future of commercial real estate in his city. The reason? He's already seeing plenty of signs that commercial real estate activity in the Circle City is on the rebound.

Retail Midwest

Westwood Financial buys $22M retail center in Chicago area

Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has purchased Sanders Court Shopping Center in Northbrook, Ill., for $22 million. The 136,219-square-foot retail center currently is 99-percent leased and represents another in a string of strong investment opportunities Westwood Financial has seized in recent months.