Retail N Illinois
Mid-America Real Estate arranges Sale of Midway Square in Chicago

Mid-America Real Estate arranges Sale of Midway Square in Chicago

Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of Midway Square in Chicago. The 55,332-square-foot retail center was purchased by Denver-based Plaza Fiesta, LLC. The established shopping center is located in an urban neighborhood at the southeast corner of Pulaski Road and 51st Street, just adjacent to the Chicago Transit Authority’s Pulaski “L” station.

Retail Midwest
This former Kmart has been transformed into a U-Haul center. It’s just one example of how former big-box stores are evolving into new uses.

Adapt and evolve: Making the big decisions about big-box retail

One of the defining features of the current retail real estate landscape in Southeast Michigan is the availability of mid- and big-box retail spaces. Depending on local market conditions and a range of other site-specific factors, there are viable options for filling those spaces—but not all of those options are retailers. Increasingly, adaptive reuse is becoming an effective and often necessary alternative.

Retail Midwest
Retail apocalypse? More like retail revolution

Retail apocalypse? More like retail revolution

The addition of three Meijer grocery stores and two Menards home-improvement stores gave a boost to the retail sector in the Cleveland and Akron areas. But despite these high-profile additions, the retail sector here – as it does across the country – faces challenges.

Retail N Illinois
With new “grab and go” stores, Target to continue retail footprint slim down

With new “grab and go” stores, Target to continue retail footprint slim down

By January 2020, Novak Construction will have completed over 125 projects for Target Corporation. The majority of these projects have been remodels within prototypical store locations as the customer experience is reformatted and refined. Next year, Novak will construct two additional “Grab and Go” Target locations in Illinois, one in Champaign and the other in Chicago’s North Mayfair neighborhood.