Podolsky|Circle Sells Shopping Center In Normal, IL
Podolsky|Circle CORFAC International Sells Shopping Center in Normal, IL
Podolsky|Circle CORFAC International’s Middle Market Investment Advisory Team have successfully completed the investment sale of College Plaza Shopping Center in Normal, IL. The 100,000 square foot power center is 100% leased to a roster of nationally recognized tenants, including Bed Bath & Beyond, PetSmart, Office Depot and Shoe Carnival.
The property is located at the intersection of College Avenue and Veterans Parkway just two miles from Illinois State University. Alissa Adler, Managing Principal; John R. Homsher, CCIM, Principal; and Steven H. Tick, SIOR, Principal represented Normal Properties of Illinois, LLC in the transaction.
College Plaza was purchased by Phillips Edison, a national shopping center REIT. Phillips Edison owns over 320 retail centers including the adjacent center, occupied by Fresh Market and Dick’s Sporting Goods.